Manias, Panics and Crashes: A History of Financial Crises,

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In 1612, he moved her body to Westminster Abbey, London, constructing a magnificent tomb which rivaled Elizabeth I’s. By the close of the 18th century, sugar was losing its economic preeminence because of competition from beet sugar as well as rising production costs. On September 25 the Bank of Pennsylvania suspended specie payment, starting a nationwide bank run. [133] The danger of interest bearing deposits became apparent when bankers had to call loans made to stock brokers, many of who were unable to pay.

Pages: 368

Publisher: Palgrave Macmillan; 6 edition (September 27, 2011)

ISBN: 0230365353

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