A historical overview of financial crises in the United States

Yochanan Shachmurove

Global Finance Journal, 2011, vol. 22, issue 3, 217-231

Abstract: One of the few constants since the United States declared its independence is the presence of frequent financial crises with similar causes. In the nineteenth century, these panics were frequent with eight occurring over the century. However, following the Second World War there was a period of relative calm, which may have led to complacency. The Savings and Loans and the current financial crises have shown that these events remain a very real threat to economic stability.

Keywords: Financial crises; Economic booms and busts; Housing prices; Bank panics and bank runs; Bank runs; Panics of 1857, 1873, and 1893; Banking regulations (search for similar items in EconPapers)
JEL-codes: B0 E0 F0 G0 H0 N0 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:22:y:2011:i:3:p:217-231

DOI: 10.1016/j.gfj.2011.10.012

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