Episode 1 of 2
Failure of Wolfe and Company
- When
- August 1857
- Where
- New York City
The failure of Wolfe and Company in New York City shook investor confidence and initiated a market sell-off in late August 1857.
Wolfe and Company, the oldest flour and grain company in New York City, failed. This event shook investor confidence and began a slow selling-off in the market that continued into late August, preceding the Ohio Life collapse.
Sources
- Panic of 1857 Wikipedia, revision of 2026-09-16
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.