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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

Author

Listed:
  • Trompatzi, Georgia
  • Metaxas, Theodore

Abstract

This 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.

Suggested Citation

  • Trompatzi, Georgia & Metaxas, Theodore, 2013. "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," MPRA Paper 48272, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:48272
    as

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    File URL: https://mpra.ub.uni-muenchen.de/48272/1/MPRA_paper_48272.pdf
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    References listed on IDEAS

    as
    1. Ellis W. Tallman, 2012. "The Panic of 1907," Working Paper 1228, Federal Reserve Bank of Cleveland.
    2. Claude DIEBOLT & Antoine PARENT & Jamel TRABELSI, 2012. "Revisiting the 1929 Crisis : Was the Fed Pre-Keynesian ? New Lessons from the Past," Historical Social Research (Section 'Cliometrics'), Association Française de Cliométrie (AFC), vol. 37(2), pages 280-297.
    3. 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.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Bank Panic; Global Economic Crisis; Great Depression; Savings and Loan Debacle;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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