1637 Tulip mania damages the futures market and Dutch trade, in general.

1720 French and British stocks of firms cashing in on New World resources hit bo ttom. 1772 The financial crisis that occurred in the UK in 1771 leads to credit crisis , which spreads to North America. 1792 The Panic of 1792 was a financial credit crisis that occurred due to the sp eculation of William Duer and Alexander Macomb against stocks held by the Bank o f New York. 1797 Reserves in the UK fall low, creating a monetary crisis. Bank of England pu t a hold on cash payments, creating widespread public panic. 1810 English credit crunch. 1813 Danish state bankruptcy. 1819 The Panic of 1819 was the first major financial crisis in the US. 1825 London stock market panic from over-speculation in Latin American investmen ts. 1836 US real estate speculation causes stock markets to crash in the UK, Europe, and then the US. 1847 Credit crisis and bank panic ensue when railroad stock prices crash in Fran ce and the UK. 1857 During the Civil War in the US, credit crisis crashed equity prices. All na tions that trade with the US were affected. 1866 Black Friday happens from railroad speculation. A bank panic starts, which le ads to lack of credit. 1873 Vienna Stock Exchange collapses, causing the great stagnation on a global sca le, which lasts until 1896. 1882 In France, Union Generale goes bankrupt, causing banking crisis and market crash. 1890 The UK s oldest bank, Barings, nearly collapses from its exposure to Argentin e debt. 1893 The Panic of 1893 in the US was marked by the collapse of railroad overbuil ding and shaky railroad financing, which set off a series of bank failures. 1893 Australian banking crisis. 1896 The Panic of 1896 was an acute economic depression in the US, precipitated by a drop in silver reserves and market concerns on the effects it would have on the Gold Standard. 1907 The US bank panic spreads to France and Italy after the stock market collap se. 1910 Shanghai rubber stock market crisis. 1910-11 The Panic of 1910-11 was a slight economic depression that followed the enforcement of the Sherman Anti-Trust Act. 1921 Commodity prices crash. 1923 Hyperinflation in Germany starts monetary crisis. 1929 The Great Depression begins after equity crash. 1931 The UK, Japan, Germany, and Austria experience financial crises. 1933 Gold Standard given up by the US, starting panic in the banking system. 1966 US credit crisis creates deflation and huge economic slump. 1973 OPEC quadruples the price of oil, which leads to global financial crisis. 1982 Global credit crunch prevents many developing countries from paying their d ebt. 1987 Bond and equity markets crash. 1987 Black Monday the largest one-day percentage decline in stock market history. 1989 Japanese bubble. 1989 Junk bond crisis. 1989-91 Savings and loan crises in the US. 1992 French Maastricht Treaty sparks crisis in European Monetary System. 1994 Major bond market correction. 995 Mexican financial crisis caused by the peso s peg to the dollar during excessi ve inflation. 997 Asian financial crisis creates exchange rate and banking crises, created fro m stock market

and real estate speculation along with many Asian currencies pegged to the US do llar. 1998 Russia defaults on payment obligations during major financial crisis. 2000 Dot-com bubble pops, creating a massive fall in equity markets from over-sp eculation in tech stocks. 2001 Another junk bond crisis. 2001 September 11 attacks hinder various critical communication hubs necessary f or payment in the financial markets. 2001 Economic crisis in Argentina, resulting in the government defaulting on pay ment obligations. 2002 Bond market crisis in Brazil. 2007 US real estate crisis causes the collapse of massive international banks an d financial institutions. Equity markets take a dive. 2008 Credit crunch and a frozen interbank market create financial crisis.