Joplin wrote this rag to commemorate the financial collapse of the American market in 1907. He identified the cycles of the business cycle: 1. The collapse of the market (Panic on Wall Street) · 2. The remorse (Brokers Feeling Melancholy) · 3. The confidence that prosperity will return (Good Times Coming) · and 4. The inevitable return of a bull market (Listening to the Strains of Genuine Negro Ragtime, Brokers Forget their Cares). It was published in 1908, when brokers were already getting optimistic again.