Stock Market Crash resulting in Global Recession (jan 1, 1973 – dec 30, 1975)
Description:
The Secondary Banking Crisis occurred in 1973 when a number of smaller banks and financial institutions in the UK became insolvent. This led to a tightening of credit and a slowdown in economic growth, which had a negative impact on the art market.Added to timeline:
Date:
jan 1, 1973
dec 30, 1975
~ 2 years and 11 months