10 giug 1772 anni - 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
Descrizione:
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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