Hustler's Empire · Research
Sources & Reference
Hustler's Empire draws on a working bibliography of primary sources, economic-history scholarship, and archival material. This page collects those sources organized by the historical threads they support — the panics, the ports, the migrations, and the slow transfer of financial power — for readers, researchers, and anyone who wants to go deeper than the novel goes.
Section 1
Panic of 1907 & Private Central Banking
How a copper-market failure triggered runs on New York's trust companies, and how J. P. Morgan improvised the emergency response a central bank would later formalize.
- The Panic of 1907: Lessons Learned from the Market's Perfect StormRobert F. Bruner & Sean D. Carr · 2007
- “Lessons from the Panic of 1907”Ellis W. Tallman & Jon R. Moen, Federal Reserve Bank of Atlanta · 1990
- “The Panic of 1907”Jon R. Moen & Ellis W. Tallman, Federal Reserve History
- “How Did Pre-Fed Banking Panics End?”Gary Gorton & Ellis W. Tallman, NBER · 2016
- Lombard Street: A Description of the Money MarketWalter Bagehot · 1873
- “Economic Effects of Runs on Early “Shadow Banks”: Trust Companies and the Impact of the Panic of 1907”Carola Frydman, Eric Hilt & Lily Y. Zhou, Journal of Political Economy · 2015
- Banking Panics of the Gilded AgeElmus Wicker · 2000
Section 2
The London-to-New York Financial-Center Shift
How the world's financial center of gravity moved from London to New York across gold flows, wartime finance, and America's rise to creditor-nation status.
- The House of MorganRon Chernow · 1990
- “History of Global Financial Center: London-New York”NBER book & chapters
- “Real Shock, Monetary Aftershock: The 1906 San Francisco Earthquake and the Panic of 1907”Kerry A. Odell & Marc D. Weidenmier, Journal of Economic History · 2004
- “The Great Financial Crisis of 1914”William L. Silber, NBER · 2012
- A Monetary History of the United States, 1867–1960Milton Friedman & Anna Jacobson Schwartz · 1963
Section 3
The 1893 Depression & Its Aftermath
Railroad overbuilding, a silver-and-gold currency crisis, and a wave of bank failures that plunged America into a multi-year depression.
- “The Depression of 1893”David O. Whitten, EH.Net
- “Banking Panics of the Gilded Age”Federal Reserve History
- “A New History of Banking Panics in the United States”Andrew J. Jalil, American Economic Journal: Macroeconomics · 2015
- “The Panics of 1893 and 1907: A Comparative View”James McAndrews & David Weiman
- “Railroad Receiverships and Modern Bankruptcy Theory”Stephen J. Lubben, Cornell Law Review · 2004
Section 4
Copper, Electrification & Confidence Machines
How the electrification of America turned copper into a strategic growth metal — and a vehicle for speculative corners.
- “Pearl Street Station”IEEE Engineering and Technology History Wiki
- “History of Copper”Copper Development Association
- “Copper Statistics and Information”U.S. Geological Survey
- The Panic of 1907Robert F. Bruner & Sean D. Carr · 2007 · see Section 1
- “The Panic of 1907”Jon R. Moen & Ellis W. Tallman, Federal Reserve History · see Section 1
Section 5
Credit Plumbing, Lender of Last Resort & Clearinghouses
The hidden architecture of nineteenth-century banking: clearinghouses, call money, and the doctrine of central-bank crisis lending.
- “The Crisis of 1866, in British Financial Crises Since 1825”Marc Flandreau & Stefano Ugolini · 2014
- “Where It All Began: Lending of Last Resort at the Bank of England Monitoring During the Overend-Gurney Panic of 1866”Marc Flandreau & Stefano Ugolini · 2011
- “Federal Reserve Act”Federal Reserve Board · 1913
- “Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking”Viral V. Acharya, Denis Gromb & Tanju Yorulmazer, American Economic Journal: Macroeconomics · 2012
- “The Panics of 1893 and 1907”James McAndrews & David Weiman · see Section 3
Section 7
Frontier Land, Wheat, Collateral & National Scale
How western land openings converted territory into collateral, wheat, and capital flowing back to New York.
Section 8
Immigration, Labor & Industrial Danger
Migration, tenement life, and the railroad-labor conflicts that shaped working-class New York before the money came.
Section 9
Fraud, Belief & Confidence Psychology
Real-life swindles and financial frauds that dramatize confidence itself as a tradable commodity.
- “Cassie Chadwick”Case Western Reserve University
- “Franklin Syndicate / “520% Miller””Smithsonian Magazine
- “Who Panics During Panics? Evidence from a Nineteenth-Century Savings Bank”Cormac Ó Gráda & Eugene N. White, NBER · 2002
- “TimesMachine — contemporary newspaper archive”New York Times · 1890s–1929
- The House of MorganRon Chernow · see Section 2
Section 10
Market Corners, Float & Manipulation
The mechanics of cornering a market — from the Erie War to United Copper — and how settlement and float determine who wins.
Section 11
The 1920s New Era & the Road to 1929
How speculation moved from Wall Street offices into ordinary households — margin accounts, broker loans, and the mood before the crash.
Section 12
Mercantile Origins & Information as Wealth
How Dutch trading posts, warehouses, and insurance markets turned raw commerce into the beginnings of modern banking.
Section 13
Silk, Opportunity & the Como Frame
Como's silk trade as a five-century case study in how opportunity — not any single product — migrates between regions and empires.
Section 14
Ireland, Famine & the Long Road to Wall Street
The dispossession, migration, and family economics that carried Irish emigrants across the Atlantic — and the London-centered financial machine, spanning Britain, France, Germany, and Austria-Hungary, that anchored the world they arrived into.
- The Great Irish FamineCormac Ó Gráda · 1989
- Black '47 and Beyond: The Great Irish Famine in History, Economy, and MemoryCormac Ó Gráda · 1999
- “The Next World and the New World: Relief, Migration, and the Great Irish Famine”Cormac Ó Gráda, Journal of Economic History · 2019
- “After the Famine: Emigration from Ireland, 1850–1913”Timothy J. Hatton & Jeffrey G. Williamson, Journal of Economic History · 1993
- “The Economic Assimilation of Irish Famine Migrants to the United States”William J. Collins & Ariell Zimran, NBER · 2019
- “Bagehot for Beginners: The Making of Lender-of-Last-Resort Operations in the Mid-Nineteenth Century”Vincent Bignon, Marc Flandreau & Stefano Ugolini, Economic History Review · 2012
- “The Bank of England and Central Bank Credit Rationing During the Crisis of 1847”Mike Anson, David Bholat, Miao Kang, Kilian Rieder & Ryland Thomas, Bank of England Staff Working Paper 794 · 2019
- “The London Gold Market”Bank of England · 1964
- “The Ties That Divide: A Network Analysis of the International Monetary System, 1890–1910”Marc Flandreau & Clemens Jobst, Journal of Economic History · 2005
- “Discount Rate Policy Under the Classical Gold Standard: Core Versus Periphery, 1870s–1914”Matthias Morys, Explorations in Economic History · 2013
- “International Shocks and the Balance Sheet of the Bank of France Under the Classical Gold Standard”Guillaume Bazot, Michael D. Bordo & Eric Monnet, Explorations in Economic History · 2016
- “Market Leader: The Austro-Hungarian Bank and the Making of Foreign-Exchange Intervention, 1896–1913”Clemens Jobst, European Review of Economic History · 2009
- “Taming the Global Financial Cycle: Central Banks as Shock Absorbers in the First Era of Globalization”Guillaume Bazot, Eric Monnet & Matthias Morys, Journal of Economic History · 2022
- “Monetary Policy Spillovers in the First Age of Financial Globalisation: A Narrative VAR Approach, 1884–1913”Georgina Green, Bank of England Staff Working Paper 718 · 2018
This bibliography is a working research tool and will continue to expand. In-depth essays on individual sources are planned as a future series.
Section 6
Social Ascent, Class & Old New York Power
How commercial fortunes hardened into old-family status, private clubs, and the guarded rooms of Gilded Age New York.