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It's not terrorists that have threatened the economy so much as the failings in the financial system

By Edward Chancellor   November 2001

Minutes before noon, on Thursday, 16th September 1920, an explosion took place on the corner of Wall Street and Broad Street, in front of the offices of JP Morgan & Co.

The blast killed 40 people and injured several hundred more. At the New York Stock Exchange, the windows were blown in, forcing brokers to gather in the middle of the floor. No one claimed responsibility for the attack, although a note was found in a letter-box several blocks away, warning of “sure death to all of you” and signed “American Anarchists.” The Great Red Scare had come to Wall…

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