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The British credit crisis of 1772-1773 also known as the crisis of 1772, or the panic of 1772, was a peacetime financial crisis which originated in London and then spread to Scotland and the Dutch Republic. It has been described as the first modern banking crisis faced by the Bank of England. New colonies, as Adam Smith observed, had an insatiable demand for capital. Accompanying the more tangible evidence of wealth creation was a rapid expansion of credit and banking leading to a rash of speculation and dubious financial innovation (venture capitalism). In today’s language, they bought shares on margin.

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  • British credit crisis of 1772-1773 (en)
  • Crisis de 1772 (es)
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  • The British credit crisis of 1772-1773 also known as the crisis of 1772, or the panic of 1772, was a peacetime financial crisis which originated in London and then spread to Scotland and the Dutch Republic. It has been described as the first modern banking crisis faced by the Bank of England. New colonies, as Adam Smith observed, had an insatiable demand for capital. Accompanying the more tangible evidence of wealth creation was a rapid expansion of credit and banking leading to a rash of speculation and dubious financial innovation (venture capitalism). In today’s language, they bought shares on margin. (en)
  • La Crisis de 1772, también conocida como la crisis crediticia de 1772 o el pánico de 1772, fue una crisis financiera en tiempos de paz que se originó en Londres y luego se extendió a otras partes de Europa, como Escocia y los Países Bajos.​ Alexander Fordyce, un socio de la banca Neal, James, Fordyce y Down en Londres, había perdido £ 300,000 en acciones de la Compañía de las Indias Orientales.​ El 8 de junio de 1772, Fordyce huyó a Francia para evitar el pago de la deuda, y el colapso resultante de la firma provocó pánico en Londres.​El crecimiento económico en ese período dependía en gran medida del uso del crédito, que se basaba en gran medida en la confianza de la gente en los bancos. A medida que la confianza comenzó a disminuir, siguió la parálisis del sistema de crédito: una multitu (es)
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  • http://commons.wikimedia.org/wiki/Special:FilePath/ONL_(1887)_1.463_-_Dividend_Day_at_the_Bank,_1770.jpg
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  • http://commons.wikimedia.org/wiki/Special:FilePath/A_view_of_the_deluge_of_Scotch_paper_currency_for_English_gold_(BM_1855,0609.1955).jpg
  • http://commons.wikimedia.org/wiki/Special:FilePath/Rm1867.jpg
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