From the Bank Panic of 1907 to the Great Depression of 1929 and the Savings and Loan Crisis of the 1980s: Lessons for the future

Georgia Trompatzi and Theodore Metaxas

MPRA Paper from University Library of Munich, Germany

Abstract: This paper goes over three big crises with a global resonance which took place in the American economy during the 20th century. Namely, the Bank Panic of 1907, the Great Depression of 1929 and the Savings and Loan Crisis of the 1980s are examined. The paper lists the major events during the crises in question and probes the causes, consequences and ways through which each crisis was attempted to be encountered. Through this examination, useful lessons to be learned and fatal mistakes to be avoided arise.

Keywords: Bank Panic; Global Economic Crisis; Great Depression; Savings and Loan Debacle (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-fmk, nep-his, nep-hpe and nep-pke
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:48272

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