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- Title
Ohio Life Insurance and Trust Company: How Oversight and Fraud contributed to the Panic of 1857.
- Authors
Vasconcellos, Ramon
- Abstract
The article presents a history of the Panic of 1857, particularly the collapse of Ohio Life Insurance & Trust Co. Also cited are the plan by then New York Mayor Fernando Wood to launch a public works program to reduce high unemployment, the founders of the company like former U.S. Senator Jacob Burnet and Ohio judge Benjamin Tappan, as well as the resignation of Arthur Bronson as Board of Trustees member in 1837 due to alleged irregularities in the company.
- Subjects
UNITED States; PANIC of 1857 (U.S.); OHIO Life Insurance &; Trust Co.; BANKRUPTCY; FRAUD; FINANCIAL crises
- Publication
Financial History, 2019, Issue 131, p22
- ISSN
1520-4723
- Publication type
Article