Panic of 1847

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The Panic of 1847 was started as a collapse of British financial markets associated with the end of the 1840s railroad boom. The Bank of England had to request a suspension of the Bank Charter Act to end the crisis.

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[edit] References

  • Michael Bordo. Stock Market Crashes, Productivity Boom Busts and Recessions: Some Historical Evidence. January 2003. [1]