Hellraisers Journal, Thursday November 7, 1907
From the International Socialist Review: “The Panic”
[…..]
The Panic.
[By A. M. Simons]
By far the most important event of the month has been the financial disturbance. It is rather interesting that the ink was scarcely dry on the editorial in this magazine last month, questioning whether there would ever be another panic than we seemed to be launched full into the midst of one.
To be sure there is still some question of whether all the phenomena of an industrial crisis will follow, or whether, after a brief period of financial upheaval, there will be only a steady industrial depression, or possibly a revival. It is certain that never before has there been such a conscious control of affairs by great industry as has been shown during the past few weeks, but it still remains to be seen just how effective that control is in the deeper industrial phases of the subject.
