A Crisis or Panic may be defined as a stoppage or the rise of prices: that is to say, the period when new buyers are not to be found. It is always accompanied by a reactionary movement in prices. A panic may be broadly stated as due to overtrading... -from the Introduction In these uncertain economic times, a look back at instances of financial instability can be highly instructive. This little book-this third edition was first published in 1916-recounts a litany of such moments in the economic history of the United States, from the first issuing of paper currency by the colony of...
A Crisis or Panic may be defined as a stoppage or the rise of prices: that is to say, the period when new buyers are not to be found. It is always acc...
