tag:blogger.com,1999:blog-2761684730989137546.post2488433406355469446..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Lord Keynes — Davis on US Recessions in the 19th Centurymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-6437904167718726372012-08-26T07:46:11.026-04:002012-08-26T07:46:11.026-04:0019th century financial crises and depressions:
Pa...19th century financial crises and depressions:<br /><br />Panic of 1819 – pervasive USA economic recession w/ bank failures;<br /><br />Panic of 1825 – pervasive British economic recession in which many British banks failed, & Bank of England nearly failed<br /><br />Panic of 1837 – pervasive USA economic recession w/ bank failures; a 5 yr depression ensued<br /><br />Panic of 1847 – a collapse of British financial markets associated with the end of the 1840s railroad boom.<br /><br />Panic of 1857 – pervasive USA economic recession w/ bank failures<br /><br />Panic of 1866 – the Overend Gurney crisis (primarily British)<br /><br />Panic of 1873 – pervasive USA economic recession w/ bank failures, known then as the 5 yr Great Depression & now as the Long Depression<br /><br />Panic of 1884<br /><br />Panic of 1890<br /><br />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<br /><br />Australian banking crisis of 1893<br /><br />Panic of 1896 – an acute economic depression in the United States precipitated by a drop in silver reservesynoreply@blogger.com