Saturday, August 25, 2012

Lord Keynes — Davis on US Recessions in the 19th Century


Dates of recessions. Lots of recessions.

Social Democracy For The 21St Century
Davis on US Recessions in the 19th Century
Lord Keynes

1 comment:

y said...

19th century financial crises and depressions:

Panic of 1819 – pervasive USA economic recession w/ bank failures;

Panic of 1825 – pervasive British economic recession in which many British banks failed, & Bank of England nearly failed

Panic of 1837 – pervasive USA economic recession w/ bank failures; a 5 yr depression ensued

Panic of 1847 – a collapse of British financial markets associated with the end of the 1840s railroad boom.

Panic of 1857 – pervasive USA economic recession w/ bank failures

Panic of 1866 – the Overend Gurney crisis (primarily British)

Panic of 1873 – pervasive USA economic recession w/ bank failures, known then as the 5 yr Great Depression & now as the Long Depression

Panic of 1884

Panic of 1890

Panic of 1893 – a panic in the United States marked by the collapse of railroad overbuilding and shaky railroad financing which set off a series of bank failures

Australian banking crisis of 1893

Panic of 1896 – an acute economic depression in the United States precipitated by a drop in silver reserves