From the Bank Panic of 1907 to the Great Depression of 1929 and the Savings and Loan Crisis of the 1980s: Lessons for the future
AbstractThis paper goes over three big crises with a global resonance which took place in the American economy during the 20th century. Namely, the Bank Panic of 1907, the Great Depression of 1929 and the Savings and Loan Crisis of the 1980s are examined. The paper lists the major events during the crises in question and probes the causes, consequences and ways through which each crisis was attempted to be encountered. Through this examination, useful lessons to be learned and fatal mistakes to be avoided arise.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48272.
Date of creation: 2013
Date of revision:
Bank Panic; Global Economic Crisis; Great Depression; Savings and Loan Debacle;
Find related papers by JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-20 (All new papers)
- NEP-FMK-2013-07-20 (Financial Markets)
- NEP-HIS-2013-07-20 (Business, Economic & Financial History)
- NEP-HPE-2013-07-20 (History & Philosophy of Economics)
- NEP-PKE-2013-07-20 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Ellis W. Tallman & Elmus R. Wicker, 2010.
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1009, Federal Reserve Bank of Cleveland.
- Tallman, Ellis W & Wicker, Elmus R., 2009. "Banking and Financial Crises in United States History: What Guidance can History Offer Policymakers?," MPRA Paper 21839, University Library of Munich, Germany.
- Ellis W. Tallman & Jon R. Moen, 1990. "Lessons from the panic of 1907," Economic Review, Federal Reserve Bank of Atlanta, issue May, pages 2-13.
- Ellis W. Tallman, 2012. "The Panic of 1907," Working Paper 1228, Federal Reserve Bank of Cleveland.
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