Stock market crash that started in the Bank of England
Arising in from speculative investments in Latin America, including the imaginary country of Poyais
Mostly impacted England
Closed six London banks and sixty country banks in England
Also felt in Europe, Latin America, and the United States.
An infusion of gold reserves from the Banque de France saved the Bank of England from complete collapse.
Referred to as the first modern economic crisis not attributable to an external event, such as a war, and thus the start of modern economic cycles
Warnings and Disclaimers
Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and dare subject to change without notice It may become outdated an there i no obligation to update any such information.