Crisis Chronicles: The Panic of 1819—America’s First Great Economic Crisis
As we noted in our last post on the British crisis of 1816, while Britain emerged from nearly a quarter century of war with France ready to supply the world with manufactured goods, it needed cotton to supply the mills, and all of Europe needed wheat to supplement a series of poor harvests.
Crisis Chronicles: The Crisis of 1816, the Year without a Summer, and Sunspot Equilibria
In 1815, England emerged victorious after what had been nearly a quarter century of war with France.
Crisis Chronicles: The British Export Bubble of 1810 and Pegged versus Floating Exchange Rates
In the early 1800s, Napoleon’s plan to defeat Britain was to destroy its ability to trade.
Crisis Chronicles: The Hamburg Crisis of 1799 and How Extreme Winter Weather Still Disrupts the Economy
With intermittent war raging across much of Western Europe near the end of the eighteenth century, by about 1795, Hamburg had replaced Amsterdam as an important hub for commodities trade.
Crisis Chronicles: The Collapse of the French Assignat and Its Link to Virtual Currencies Today
In the late 1700s, France ran a persistent deficit and by the late 1780s struggled with how to balance the budget and pay down the debt.
Crisis Chronicles: Canal Mania (1793)
Today, a leisurely trip down a canal on a quiet Sunday afternoon is a reminder of an unhurried time away from the hectic pace of modern commerce.
Depositor Discipline of Risk‑Taking by U.S. Banks
The recent financial crisis caused the largest rise in the number of bank failures since the unprecedented banking crisis of the 1980s and early 1990s.
Crisis Chronicles: Not Worth a Continental—The Currency Crisis of 1779 and Today’s European Debt Crisis
During the late 1770s, a newly founded United States began to run up significant debts to finance the American Revolution.
RSS Feed
Follow Liberty Street Economics