Panic of 1825

Panic of 1825

The Panic of 1825 was a stock market crash that started in the Bank of England arising in part out of speculation investments in Latin America including in the fabled imaginary country of Poyais. The crisis was felt most acutely in England where it precipitated the closing of six London banks including Henry Thornton's bank and sixty country banks in England, but was also manifest in the markets of Europe, Latin America, and the United States. An infusion of gold reserves from Banque de France would save the Bank of England from complete collapse.

ee also

*Great Depression

References

*Frank W. Fetter "A Historical Confusion in Bagehot's Lombard Street" Economica, New Series, Vol. 34, No. 133 (Feb., 1967), pp. 80-83. [http://links.jstor.org/sici?sici=0013-0427(196702)2%3A34%3A133%3C80%3AAHCIBL%3E2.0.CO%3B2-Q]
*Michael D. Bordo. "Commentary" May/June 1998. St. Louis Federal Reserve Review. [http://research.stlouisfed.org/publications/review/98/05/9805mb.pdf]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • 1825 — Year 1825 (MDCCCXXV) was a common year starting on Saturday (link will display the full calendar) of the Gregorian Calendar (or a common year starting on Thursday of the 12 day slower Julian calendar). Events of 1825January March * January 4 King …   Wikipedia

  • Panic of 1907 — A swarm gathers on Wall Street during the bank panic in October 1907. Federal Hall, with its statue of George Washington, is seen on the right. The Panic of 1907, also known as the 1907 Bankers Panic, was a financial crisis that occurred in the… …   Wikipedia

  • Panic of 1857 — Bank run on the Seamen s Savings Bank during the panic of 1857 The Panic of 1857 was a financial panic in the United States caused by the declining international economy and over expansion of the domestic economy. Indeed, because of the… …   Wikipedia

  • Panic of 1837 — Whig cartoon showing the effects of unemployment An 18 …   Wikipedia

  • Panic of 1819 — For the 1962 economic history book by Murray Rothbard, see The Panic of 1819. The Panic of 1819 was the first major financial crisis in the United States,[1] which occurred during the end of the Era of Good Feelings. The new nation faced a… …   Wikipedia

  • Panic of 1893 — Estimates of Unemployment during the 1890s (Source: Romer, 1984) Year Lebergott Romer 1890 4.0 4.0 1891 5.4 4.8 1892 3.0 3.7 1893 11.7 8.1 1894 18.4 12.3 1895 13.7 11.1 1896 …   Wikipedia

  • Panic of 1873 — A bank run on the Fourth National Bank, No. 20 Nassau Street, New York City, 1873. From Frank Leslie s Illustrated Newspaper, October 4, 1873. The Panic of 1873 triggered a severe international economic depression in both Europe and the United… …   Wikipedia

  • Financial crisis — For the 2008–2010 crisis, see Subprime mortgage crisis , Late 2000s financial crisis and Late 2000s recession. Economics …   Wikipedia

  • David Morris & Sons — was a bank which was established in Carmarthenshire, Wales in the 18th century. It now a constituent part of The Royal Bank of Scotland Group. Contents 1 History 2 Takeover 3 Successor in title …   Wikipedia

  • Maritime Fur Trade — The North West Coast during the Maritime Fur Trade era, about 1790 to 1840 The Maritime Fur Trade was a ship based fur trade system that focused on acquiring furs of sea otters and other animals from the indigenous peoples of the Pacific… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”