Panic of 1825

The Panic of 1825 is a stock market crash that starts in the Bank of England arising in part out of speculation investments in Latin America including in the fabled imaginary country of Poyais.

The crisis is felt most acutely in England where it precipitates the closing of six London banks including Henry Thornton's bank and sixty country banks in England, but is also manifest in the markets of Europe, Latin America, and the United States.

An infusion of gold reserves from Banque de France saves the Bank of England from complete collapse.

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