List of economic crises

From Wikipedia, the free encyclopedia

This is a list of economic crises and depressions.

1st century[edit]

The result of the mass issuance of unsecured loans by main Roman banking houses.[1]

3rd century[edit]

7th century[edit]

Coin exchange crisis of 692. Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull. Justinian II was tortured by cutting off his nose in front of spectators at the hippodrome. Twenty Years' Anarchy begins.

14th century[edit]

17th century[edit]

18th century[edit]

19th century[edit]

20th century[edit]


  • Panic of 1901, a U.S. economic recession that started with a fight for financial control of the Northern Pacific Railway
  • Panic of 1907, a U.S. economic recession with bank failures





21st century[edit]




See also[edit]


  1. ^ "Tiberius Used Quantitative Easing To Solve The Financial Crisis of 33 AD". Business Insider. Retrieved 2 December 2016.
  2. ^ a b "100 Most Important American Financial Crises". Retrieved 9 December 2014.