List of economic crises
This is a list of economic crises and depressions.
1st century
- The Financial Panic of AD 33.
The result of the mass issuance of unsecured loans by main Roman banking houses.[1]
3rd century
7th century
Coin exchange crisis of 692. Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull, and Justinian II was tortured by cutting off his nose in front of spectators at the hippodrome. Twenty Years' Anarchy begins.
14th century
- 14th century banking crisis (the crash of the Peruzzi and the Bardi family Compagnia dei Bardi in 1345).
17th century
- Kipper und Wipper (1618–22) financial crisis at start of Thirty Years' War
- Tulip mania (1637) an economic bubble that bursted, hurting the economy of the Dutch Republic
- The General Crisis (1640) Arguably the largest worldwide crisis in history
18th century
- Great Tobacco Depression (1703) (United States) - [2]
- South Sea Bubble (1720) (UK)
- Mississippi Company (1720) (France)
- Crisis of 1763 – started in Amsterdam, begun by the collapse of Leendert Pieter de Neufville and Johann Ernst Gotzkowsky, spread to Germany and Scandinavia
- Great East Indian Bengal Bubble Crash (1769) (India) Crash started by rapid overvaluation of East India company.
- Crisis of 1772 – started in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce and Down.
- War of American Independence Financing Crisis (1776) (United States) - The French Revolution was initiated by its 1.4 billion livre investment here; Spain invested 700 million reales into fighting [3]
- Panic of 1785 – United States
- Panic of 1792 – United States
- Panic of 1796–1797 – Britain and United States
19th century
- Danish state bankruptcy of 1813
- Post-Napoleonic depression (post 1815) (England)
- Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle
- Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England
- Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression
- Panic of 1847, started as a collapse of British financial markets associated with the end of the 1840s railway industry boom
- Panic of 1857, a U.S. recession with bank failures
- Panic of 1866, was an international financial downturn that accompanied the failure of Overend, Gurney and Company in London
- Great Depression of British Agriculture (1873–1896)
- Long Depression (1873–1896)
- Panic of 1873, a US recession with bank failures, followed by a four-year depression
- Panic of 1884
- Panic of 1890
- Panic of 1893, a US recession with bank failures
- Australian banking crisis of 1893
- Panic of 1896
20th century
1900s
- Panic of 1901, a U.S. economic recession that started with a fight for financial control of the Northern Pacific Railway
- Panic of 1907, a U.S. economic recession with bank failures
1920s
- Depression of 1920-21, a U.S. economic recession following the end of WW1
- Wall Street Crash of 1929 and Great Depression (1929–1939) the worst depression of modern history
1970s
- 1970s energy crisis
- OPEC oil price shock (1973)
- 1979 energy crisis (1979)
- Secondary banking crisis of 1973–1975 in the UK
- Latin American debt crisis (late 1970s, early 1980s) known as "lost decade"
1980s
- Early 1980s Recession
- Chilean crisis of 1982
- Bank stock crisis (Israel 1983)
- Japanese asset price bubble (1986–1992)
- Black Monday (1987) (1987) (US)
- Savings and loan crisis failure of 1,043 out of the 3,234 S&Ls from 1986 to 1995 in the U.S.
1990s
- Special Period in Cuba (1990–1994)
- Early 1990s Recession
- 1991 India economic crisis
- Finnish banking crisis (1990s) (1991-1993)
- Swedish banking crisis (1990s)
- 1994 economic crisis in Mexico
- 1997 Asian financial crisis
- 1998 Russian financial crisis
- 1998-99 Ecuador financial crisis
- Argentine economic crisis (1999–2002)
- Samba effect (1999) (Brazil)
21st century
2000s
- Argentine economic crisis (1999–2002)
- Early 2000s recession
- Dot-com bubble (2000-2002) (US)
- 2001 Turkish economic crisis
- 2001 September 11th Attacks
- 2002 Uruguay banking crisis
- Venezuelan general strike of 2002–03
- 2007-2009 Financial Crisis
- Late-2000s recession (worldwide)
- 2000s energy crisis (2003-2009) oil price bubble
- Subprime mortgage crisis (US) (2007-2010)
- United States housing bubble and United States housing market correction (US) (2003-2011)
- Automotive industry crisis of 2008–2010 (US)
- 2008–2012 Icelandic financial crisis
- 2008–2010 Irish banking crisis
- Russian financial crisis of 2008–2009
- 2008 Latvian financial crisis
- Venezuelan banking crisis of 2009–10
- 2008-16 Spanish financial crisis
2010s
- European sovereign debt crisis (EU) (2009-2019)
- Greek government-debt crisis (2009-2019)
- 2010–2014 Portuguese financial crisis
- Crisis in Venezuela (2012-now)
- Ukrainian crisis (2013-2014)
- 2014 Russian financial crisis
- 2014-2017 Brazilian economic crisis
- 2015 Chinese stock market crash
- Turkish currency and debt crisis, 2018
2020s
- COVID-19 recession
- Economic impact of the COVID-19 pandemic (2020-now)
- 2020 stock market crash (2020-)
- Black Monday (March 9)
- Black Thursday (March 12)
- 2020 stock market crash (2020-)
- Lebanese liquidity crisis
See also
- Financial crisis and economic collapse
- Currency crisis, hyperinflation and devaluation
- Banking crisis, credit crunch, bank run
- Savings and loan crisis
- Balance of payments crisis
- Depression (economics), recession, stagflation, jobless recovery
- Economic bubble, stock market bubble and real estate bubble
- Market correction, nominal price, equilibrium price
- Kondratiev wave, business cycle and business cycle models
- Boom and bust
- Fictitious capital, Intrinsic value, Speculation
- Crisis theory, tendency of the rate of profit to fall, reserve army of labour
- Overproduction, underconsumption and demand shortfall
- Consolidation (business), industrial consolidation, market concentration
- Capital flight, capital strike, urban blight, deindustrialization
- Wage-price spiral
- List of banking crises
References
- "Tiberius Used Quantitative Easing To Solve The Financial Crisis Of 33 AD". Business Insider. Retrieved 2 December 2016.
- "100 Most Important American Financial Crises". Retrieved 9 December 2014.
- "100 Most Important American Financial Crises". Retrieved 9 December 2014.
- Galbraith, J. K. (1990), A Short History of Financial Euphoria, New York: Penguin Books, ISBN 0-670-85028-4
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