- 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 Brothersbank in Londondue mainly to poor investments in Argentina. The Bank of Englandbailed 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 moneyreaching an astonishing 45 percent and a slump in the commodity marketthe world over.
*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]
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