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The Panic of 1825 was a stock market crash that originated in the Bank of England, arising partly from speculative investments in Latin America, including the fictitious country of Poyais. The crisis was felt most acutely in Britain, where it led to the closure of twelve banks, but also affected markets in Europe, Latin America and the United ...
Railway Mania was a stock market bubble in the rail transportation industry of the United Kingdom of Great Britain and Ireland in the 1840s. [1] It followed a common pattern: as the price of railway shares increased, speculators invested more money, which further increased the price of railway shares, until the share price collapsed.
The Market Revolution in the 19th century United States is a historical model that describes how the United States became a modern market-based economy.During the mid 19th century, technological innovation allowed for increased output, demographic expansion and access to global factor markets for labor, goods and capital.
The Great Stock Exchange Fraud forms the basis for the 11th novel in Patrick O'Brian's Aubrey–Maturin series, The Reverse of the Medal (published 1986). The Great Stock Exchange Fraud is a key plot element in Katherine Cowley's The True Confessions of a London Spy (published 2022). [7]
Conversely, improved transportation systems increased the supply of cotton, which lowered the market price. Cotton prices were security for loans, and America's cotton kings defaulted. In 1836 and 1837 American wheat crops also suffered from Hessian fly and winter kill which caused the price of wheat in America to increase greatly, which caused ...
Because the years immediately preceding the Panic of 1857 were prosperous, many banks, merchants, and farmers had seized the opportunity to take risks with their investments, and, as soon as market prices began to fall, they quickly began to experience the effects of financial panic. [4] American banks did not recover until after the Civil War. [6]
"The Panic of 1819 … was compounded by many factors—overexpansion of credit during the post-war years, the collapse of the export market after the bumper crop of 1817 in Europe, low prices of imports from Europe which forced American manufacturers to close, financial instability resulting from both the excessive expansion of state banking ...
Jacob Little (March 17, 1794 – March 28, 1865) was an early 19th-century Wall Street investor and the first and one of the greatest speculators in the history of the stock market, known at the time as the "Great Bear of Wall Street". [3]