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Historical events in 1907 see what famous scandalous and important events happened in 1907 or search by date or keyword. Style no 1907 classic moc modeled after red wings original work boot style the 1907 is a 6 inch moc toe featuring oro legacy leather white traction tred rubber outsole norwegian like welt triple stitched quality and leather laces. The panic of 1907 was the first worldwide financial crisis of the twentieth century it transformed a recession into a contraction surpassed in severity only by the great depression 1 the panics impact is still felt today because it spurred the monetary reform movement that led to the establishment of the federal reserve system moen and tallman 1999 argued that the experience of the