Ka kammala wannan magana: Sa'ad da Shugaban Amirka Andrew Jackson ya ƙyale takardar izinin Bankin na Biyu na Amirka ya ƙare a shekara ta 1836, Amirka ba ta da wani babban banki, kuma yawan kuɗin da ake samu a Birnin New York ya bambanta da tsarin aikin gona na shekara-shekara na ƙasar. Kowace kaka kudi ya gudana daga garin yayin da aka sayi girbi kuma - a kokarin jawo hankalin kuɗi - an ɗaga kuɗin sha'awa. Masu zuba jari na kasashen waje sun aika da kudaden su zuwa New York don amfani da kudaden da suka fi girma. Daga Janairu 1906 Dow Jones Industrial Average high na 103, kasuwar ta fara gyaran gyare-gyare wanda zai ci gaba a cikin shekara. Ƙungiyar
Girgizar kasa ta Afrilu 1906 da ta lalata San Francisco ta ba da gudummawa ga rashin kwanciyar hankali na kasuwa, ta haifar da ambaliyar kuɗi daga New York zuwa San Francisco don taimakawa sake ginawa. Wani matsin lamba a kan wadatar kuɗi ya faru a ƙarshen 1906, lokacin da Bankin Ingila ya ɗaga ƙimar sha'awa, a wani ɓangare don mayar da martani ga kamfanonin inshora na Burtaniya suna biyan kuɗi da yawa ga masu riƙe da lasisi na Amurka, kuma ƙarin kuɗi sun kasance a London fiye da yadda aka zata. Daga mafi girma a watan Janairu, farashin hannun jari ya ragu da kashi 18 cikin 100 a watan Yulin 1906. A ƙarshen watan Satumba, hannayen jari sun dawo da kusan rabin asarar da suka yi.