This A Timeline Of Re-Coinage, Coin-Clipping, Debasements, Bankruptcies, Manias, Panias, Crashes, Recessions, &
Depressions Since 1278 A.D.
1278 A.D Coin clipping 1557 State bankruptcy (France & Spain) 1558 Re-coinage of 1558 1557
Spain bankrupt 1607 Spain bankrupt 1614 Bankruptcy (Augsburg) 02/1622 (February 1622) Debasement
of coin 02/1637 (February 1637) Market debasement (first recorded joint-stock debasement) 1696 New-coinage
in England (carried out by John Locke and Issac Newton; speculation: East India Company, treasure, new companies, lotteries)
(silver-re-coinage in England til 1698) 1720 Object of speculation: Selected companies: South Sea Company, Compagnie
d'Occident, Sword Blade Bank, Bank Generale, Bank Royale (Isaac Newton is said to have lost 20,000 English pounds in public
funds in the South Sea Bubble; Newton is Master of the London Mint until 1727) 04/1720 (April 1720) England speculative
peak 05/1720 (May 1720) France Crisis (crash, panic) Failure of John Law's Mississippi Company leads to French national
bankruptcy 09/1720 (September 1720) England Crisis (crash, panic) South Sea Bubble 1740 Gradually the British
government began to restrict the rights of the colonies to issue paper money. A dispute arose involving a "Land Bank
or Manufactury Scheme" in Boston, and the following year the British parliament ruled that the bank was illegal in that
it transgressed the provisions of the Bubble Act of 1720 passed after the collapse of the South Sea Bubble 09/1763
(September 1763) Amsterdam Crisis (crash, panic) 01/1773 (January 1773) Market Crash Amsterdam (note: Britain?)
East India Company, Housing, Turnpikes, Canals 03/1792 (March 1792) Market Crash (U.S.) 02/1793 (February 1793)
Market Crash (England) Reign of Terror, France, Canal Mania 02/1797-06/1979 (February-June 1797) Market Crash
(England) Collapse of assignats, French landing, Fishguard, securities, canals 08/1799-11/1799 (August-November 1799)
Market Crash (Hamburg) 1810 Market Crash (England) 1811 Austria bankrupt 01/1811 (January 1811) Market
Crash (England) 1816 Market Crash (England) 11/1818 (November 1818) Beginning of Market Crash (U.S.) 06/1819
(June 1819) End of Market Crash (U.S.) 1819 Depression 12/1825 (December 1825) (note: "early") Market Crash
(England) Latin American Bonds, Mines, Cotton, Bonds sold in installments, country banks 12/1827 (December 1827)
Market Crash (France, Paris Banks) Canals, cotton, building sites 1828 Depression 12/1836 (December 1836)
Market Crash; England 06/1837 (June 1837) Market Crash (France) 09/1837 (September 1837) Market Panic/Crash (U.S.)
1837 Depression 10/1847 (October 1847) Market Crash (England) Railways, Railroad shares, wheat, installment
sale of railway securities, 1846 potatoe blight, wheat failure 03/1848 (March 1848) Market (Continent) Railways, wheat,
building (Cologne?) 30/08/1857 (August 30 1857) Market Crash (U.S.) Railroads, public lands; Objects of speculation:
Railroad shares (France & United States) 10/1857 (October 1857) Market Crash (England) Railroads, wheat, bank
mergers, clearinghouse 11/1857 (November 1857) Market Crash (Continent) Lender of last resort: Silberzug (Hamburg)
01/1864 (January 1864) Market Crash (France) End of Civil War 05/1866 (April 1866) Market Crash (England, Italy) Suspension
of Bank, Italy abandoned fixed parity 24/09/1869 (September 24 1869) Black Friday 05/1873 (April 1873) Market
Crash (Germany, Austria) 20/09/1873 (September 20 1873) Panic of 1873; Market Crash (U.S.) Fraud exposed in 1872 campaign,
railroads, homesteading, Chicago (Peshtigo) building 1873 Depression 01/1882 (January 1882) Market Crash
(France) 11/1890 (November 1890) Market Crash (England) Lender of last resort: Baring Liabilities, Bank of France,
Russian gold loans to Britain, Argentine clearing of southern lands, Brazil, coffee, Chile, nitrates, South Africa,
gold, Argentine securities, private companies going public, Goshen conversion 20-21/03/1893 (Spring) (March 20-21
1893) Market Crash (Australia) 05/05/1893 (April 05 1893) Market Crash (U.S.) Panic of 1893; Repeal of Sherman Silver
Act 27/06/1893 (June 27 1893) New York Stock Market Crash 1893 Depression 09/11/1903 (November 09 1893)
End of crash of 1901-1903 08/1907 (August 1907) Market Crash (France, Italy) 15/11/1907 (November 15 1907) End of
crash (U.S.) 19/12/1917 (December 19 1917) End of current crash (U.S.?) 20-21/03/1921 (Spring) (March 20-21 1921)
Market Crash (Britain & U.S.) 24/08/1921 (August 24 1921) End of 5th worst market crash in 20th century 1921
Depression 1927 "Black Friday" in Germany; economic system collapses 1927 Brazil's economy collapses owing
to over-production of coffee 29/10/1929 (October 29 1929) Stock Market Crash 1929 Depression 17/04/1930
(April 17 1930) Start of worst market crash of 20th century; Starting DJIA: 294.07; Ending DJIA: 41.22; Total loss: 86.0%;
Number of days: 813 05/1931 (May 1931) Market Crash (Austria) 06/1931 (June 1931) Market Crash (Germany) 09/1931
(September 1931) Market Crash (Britain) 12/1931 (December 1931) Market Crash (Japan) 10/03/1937 (March 10 1937) Start
of 2nd worst market crash of 20th century; Starting DJIA: 194.40; Ending DJIA: 98.95; Total loss: 49.1%; Total days:
386 1937 Recession 31/03/1938 (March 31 1938) End of crash 12/09/1939 (September 12 1939) Beginning of 8th
worst stock market crash in 20th century; Starting DJIA: 155.92; Ending DJIA: 92.92; Total loss: 40.4%; Total days:
959 28/04/1942 (April 28 1942) End of 8th worst market crash in 20th century 1958 Market Panic/Crash (France)
Speculation in currencies 1962 Market Panic/Crash (Canada) 1963 Market Panic/Crash (Italy) 1964 Market
Panic/Crash (Britain) 1968 Market Panic/Crash (France) 1972 Recession 11/01/1973 (January 01 1973)
Beginning of 7th worst market crash in the 20th century; Starting DJIA: 1,051.70; Ending DJIA: 577.60; Total loss:
45.1%; Related to: Collapse of Bretton Woods, OPEC 1973 price rise, stocks, REITs, office buildings, tankers, Boeing 747s,
Eurodollar market flooding in 1970-1971 12/1974 (December 1974) On the last trading day of 1974, Gold reaches a
high of $195 31/12/1974 (December 31 1974) The U.S. government ends its ban on individual ownership of gold. 01/1975
(January 1975) U.S. government legalizes gold ownership for American citizens 30/08/1976 (August 30 1976) Gold bottom
at $102 1979 Market Crisis/Panic; dollar, farmland 1980 Market Crisis/Panic; related to: oil 21/01/1980
(January 21 1980) Gold reaches intra-day high price of $870 in New York 1982 Market Crisis/Crash/Panic; related
to: third world debt 1982 Deep Recession 21/06/1982 (June 21 1982) Gold bottom at $296 19/10/1987
(October 19 1987) Market Crash; market falls more than 500 points; related to stocks 01/1990 (January 1990) Market
Panic/Crisis; (Japan) 1994-1995 Market Crash (Mexico) related to: deregulation, capital inflow and outflow,
domestic boom, bank lending, domestic new banks 1991, nationalized banks privatized 1991 1997-1998 Market Panic/Crisis
(Thailand, Indonesia, Malaysia, Korea, Russia, Brazil; related to: deregulation, capital inflow and outflow, borrowing
abroad, bank lending, construction boom, crony capitalism 02/2000 (February 2000) Start of worst market crash of 21st
century; related to: Kenneth Lay was greedy? 10/03/2000 (March 10 2000) Nasdaq closes at 5048.62 after hitting an
intra-day high of 5,132.52 15/03/2008 Start of 2nd worst market crash of 21st century
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