Democratic Sentinel, Volume 17, Number 27, Rensselaer, Jasper County, 28 July 1893 — Great Panics. [ARTICLE]

Great Panics.

The most disastrous European panics were those of 1793, on account of the great French war; of 1797, because of the Irish rebellion, when the 3 per cents went down to 44; of 1825, when 770 banks failed in Great Britain alone; of 184 *, through the railroad mania; of 1857, through the American failures; of 1859, from fear of a general war in Europe; of 1863, through overspeculation in limited liability companies, and that of 1870, at the beginning of the FrsncoPrussian war.—[Chicago Horrid.