The Panic of 1907 Lasted Only a Little Longer Than

question 432

True/False

The Panic of 1907 lasted only a little longer than a week, but the result was a four-year recession during which output fell and unemployment rose.

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Definitions:

Diazomethane

A highly reactive, carcinogenic organic compound employed in methylating agents and as a precursor to carbenes; characterized by the formula CH2N2.

Carbene

A highly reactive molecule containing a carbon atom with two nonbonded electrons and bonded to two atoms typically forming a divalent species.

Relative Reactivity

A comparison of the reactivity rates of different substances under the same conditions, indicating how easily one substance reacts relative to another.

Secondary Hydrogens

Hydrogen atoms attached to a carbon atom bonded to two other carbon atoms.