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Panic of 1825

 

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Panic of 1825



 
 
The Panic of 1825 was a stock market crash
Stock market crash

A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market. Crashes are driven by panic as much as by underlying economic factors....
 that started in the Bank of England
Bank of England

The Bank of England is the central bank of the United Kingdom and is the model on which most modern, large central banks have been based. Since 1946 it has been a Nationalisation institution....
 arising in part out of speculation investments in Latin America
Latin America

Latin America is a region of the Americas where Romance languages ? particularly Spanish language and Portuguese language, and variably French language ? are primarily spoken....
 including in the fabled imaginary country of Poyais. The crisis was felt most acutely in England where it precipitated the closing of six London banks including Henry Thornton
Henry Thornton (abolitionist)

Henry Thornton , economist, banker, philanthropist and parliamentarian, was the son of John Thornton of Clapham, London, who had been one of the early supporters and patrons of the emerging evangelical awakening in Britain....
's bank and sixty country banks in England, but was also manifest in the markets of Europe
Europe

Europe is, conventionally, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia to its east by the water divide of the Ural Mountains, the Ural , the Caspian Sea, and by the Caucasus Mountains to the southeast....
, Latin America, and the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
. An infusion of gold reserves from Banque de France
Banque de France

The Banque de France is the central bank of France; it is linked to the European Central Bank . Its main charge is to implement the interest rate policy of the European System of Central Banks ....
 would save the Bank of England from complete collapse.








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The Panic of 1825 was a stock market crash
Stock market crash

A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market. Crashes are driven by panic as much as by underlying economic factors....
 that started in the Bank of England
Bank of England

The Bank of England is the central bank of the United Kingdom and is the model on which most modern, large central banks have been based. Since 1946 it has been a Nationalisation institution....
 arising in part out of speculation investments in Latin America
Latin America

Latin America is a region of the Americas where Romance languages ? particularly Spanish language and Portuguese language, and variably French language ? are primarily spoken....
 including in the fabled imaginary country of Poyais. The crisis was felt most acutely in England where it precipitated the closing of six London banks including Henry Thornton
Henry Thornton (abolitionist)

Henry Thornton , economist, banker, philanthropist and parliamentarian, was the son of John Thornton of Clapham, London, who had been one of the early supporters and patrons of the emerging evangelical awakening in Britain....
's bank and sixty country banks in England, but was also manifest in the markets of Europe
Europe

Europe is, conventionally, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia to its east by the water divide of the Ural Mountains, the Ural , the Caspian Sea, and by the Caucasus Mountains to the southeast....
, Latin America, and the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
. An infusion of gold reserves from Banque de France
Banque de France

The Banque de France is the central bank of France; it is linked to the European Central Bank . Its main charge is to implement the interest rate policy of the European System of Central Banks ....
 would save the Bank of England from complete collapse.

In Fiction

An historical novel by Stanley J. Weyman
Stanley J. Weyman

Stanley John Weyman was an English novelist sometimes referred to as the "Prince of Romance"....
, Ovington's Bank, is centered on the Panic of 1825.

See also

  • Great Depression
    Great Depression

    File:International depression.pngThe Great Depression was a worldwide economic Recession starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries....