Further
facts

 
Largest Financial Crises

Year Country Speculation in: Peak Acute crisis
1557 France, Austria, Spain (Habsburg Empire) Bonds 1557
1636 Holland Primarily tulips Summer 1636 November 1636
1720 France Compagnie d' Occident Banque General, Banque Royale December 1719 May 1720
1720 England South Sea Company July 1720 September 1720
1763 Holland Commodities, based on kite flying January 1763 September 1763
1773 England Real estate, canals, roads June 1772 January 1773
1773 Holland East India Company June 1772 January 1793
1793 England Canals November 1792 February 1793
1797 England Securities, canals 1796 Feb.-June 1797
1799 Germany Commodities, financed by kite flying Aug.-Nov.1799 1799
1811 England Export projects 1809 January 1811
1815 England Exports, commodities 1815 1816
1819 USA Production enterprises generally August 1818 November 1818
1825 England Latin American bonds, mines, wool Beginning of 1825 December 1825
1836 England Wool, railways April 1836 December 1836
1837 USA Wool, land September 1837
1838 France Wool, building sites November 1836 June 1837
1847 England Railways, wheat January 1847 October 1847
1848 European continent Railways, wheat, real estate March 1848
1857 USA Railways, land End 1856 August 1857
1857 England Railways, wheat End 1856 October 1857
1857 European continent Railways, heavy industry March 1857 October 1857
1864 France Wool, shipping, new enterprises 1863 January 1864
1866 England, Italy Wool, shipping new enterprises July 1865 May 1866
1873 Germany, Austria Building sites, railway, stocks, commodities Fall 1872 May 1873
1873 USA Railway March 1873 September 1873
1882 France Bank stock December 1881 January 1882
1890 England Argentinean stock, stock flotation August 1890 November 1890
1893 USA Silver and gold December 1892 May 1893
1895 England, Continental Europe South African and Rhodesian gold mine stock Summer 1895 End of 1895
1907 USA Coffee, Union Pacific Beginning of 1907 October 1907
1921 USA Stocks, ships, commodities, inventories Summer 1920 Spring 1921
1921 USA Stocks September 1929 October 1929
1931 Austria, Germany, England, Japan Miscellaneous 1929 May-Dec. 1931
1974 International Stocks, office buildings, tankers, aircraft 1969 1974-75
1980 International Gold, silver, platinum, diamonds January- February 1980 March-April 1980
1985 International Dollars February- March 1985 February March 1985
1987 International Stock August 1987 October 1987
1990 Japan Stock, real estate December 1989 February 1990
1990 International Art and collectibles March 1990 1991
1997 Asia/Pacific Real estate; general overinvestment June 1996 October 1997
1997 Russia General overinvestment; undercapitalized banks 1996 August 1997
1999 Brazil Government spending 1998 January 1999
2000 International Internet and technology shares March 2000 2001
2001 Argentina Government spending August 2000 March 2001 – June 2002
2007-2009 Global Property investments, credit expansion, derivatives trading July 2007 September 2008 – July 2009
2008 - 2009 Dubai Property investments January 2008 January-March 2009