During Panic of 1901, What were the implications for the broader economy, and for the broader global economy? In other words, discuss how the crisis in the financial sector translated to crisis in other sectors. What actions were taken to contain the crisis and/or support the financial sector? This includes government action, some resulting regulations of the financial sector, some action of the central bank, or the actions of powerful private parties (for example, large banks and wealthy investors have a history of trying to step in and restore confidence in the financial system to head off a crisis).