Panic of 1890


Panic of 1890

The Panic of 1890 was an acute depression that was less serious than other panics of the era precipitated by the near insolvency of the Baring Brothers bank in London due mainly to poor investments in Argentina. The Bank of England bailed out the Baring Brothers which prevented a larger depression. Nathan Rothschild remarked that if this had not happened, perhaps the entire private banking system of London would have collapsed which would have made for a tremendous economic catastrophe. The panic was associated with call money reaching an astonishing 45 percent and a slump in the commodity market the world over.

ee also

*Great Depression
*Barings Bank

References

*Ziegler, Philip. "The Sixth Great Power: A History of One of the Greatest of All Banking Families, the House of Barings, 1762-1929." Illustrated. 430 pp. New York: Alfred A. Knopf.
* [http://www.lind-waldock.com/edu/newsletter/406/nl_406_art04.shtml W. D. Gann's Forecasting Methods of Stocks and Bonds by D. K. Burton]


Wikimedia Foundation. 2010.

Look at other dictionaries:

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

  • Panic Disorder —    Panic has always been considered a symptom of larger psychiatric illnesses. Yet, only recently has it come to be considered a disorder of its own. The whole panic story is interesting as an example of how symptoms wax and wane in the history… …   Historical dictionary of Psychiatry

  • 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 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 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

  • 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 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 1901 — The Panic of 1901 was a stock market crash on the New York Stock Exchange caused in part by struggles between E. H. Harriman, Jacob Schiff, and J. P. Morgan/James J. Hill for the financial control of the Northern Pacific Railroad. The stock… …   Wikipedia

  • 1890 Australian maritime dispute — The 1890 Australian Maritime Dispute, commonly known as the 1890 Maritime Strike, was on a scale unprecedented in the Australian colonies to that point in time, causing political and social turmoil across all Australian colonies and in New… …   Wikipedia

  • 1890 — This article is about the year 1890. Millennium: 2nd millennium Centuries: 18th century – 19th century – 20th century Decades: 1860s  1870s  1880s  – 1890s –  1900s  191 …   Wikipedia


Share the article and excerpts

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

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.