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Thus was halted the Panic of 1907.
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The authorities' efforts to halt the panic have also helped.
Gordon Brown promised to do 'whatever it takes' to halt the panic.
But everything we did to halt the panic, and all the legislation we've passed, has only strengthened the symbiosis.
It took just three words, a pledge from Mario Draghi to do "whatever it takes", to halt the panic.
In recent years, Wall Streeters have often been seen as "responsible guardians of the public trust," wealthy men who could be relied upon to act in the national interest, as J. P. Morgan did in halting the Panic of 1907 when the government seemed powerless to do so.
This recalls the era when J.P. Morgan and his financier pals mounted a private rescue to halt the bank panic of 1907.
The cash crisis worsened with the onset of the Panic of 1893, which plunged the country into a depression that mostly halted the ship-building industry.
His response to the Panic of 1873 gave some financial relief to New York banking houses, but was ineffective in halting the five-year economic depression that produced high unemployment, low prices, low profits, and bankruptcies.
The panic of the moment?
It burst with the Panic of 1857.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com