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jun 10, 1772 - The crisis of 1772 is triggered when, following the flight of their partner Alexander Fordyce to France, the London banking house of Neal, James, Fordyce and Down (which has been speculating in East India Company stock) suspends payment

Description:

The resultant panic causes other banks to fail, extends to Scotland, Amsterdam and the Thirteen Colonies and threatens the East India Company with bankruptcy.

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World History (WIP)

ByClaire the Bread Fascist
15 Sep 2023
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Date:

jun 10, 1772
Now
~ 253 years ago
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