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Crisis of 1772

Index Crisis of 1772

The crisis of 1772, also known as the credit crisis of 1772 or the panic of 1772, was a peacetime financial crisis which originated in London and then spread to other parts of Europe, such as Scotland and Netherlands. [1]

12 relations: Alexander Fordyce, Boston Tea Party, Douglas, Heron & Company, East India Company, Financial crisis, Lucy Sutherland, Neal, James, Fordyce and Down, Non-importation Act, Speculation, Tea Act, Townshend Acts, Tyler Goodspeed.

Alexander Fordyce

Alexander Fordyce (died 1789) was a Scottish banker, centrally involved in the bank run on Neal, James, Fordyce and Down which led to the crisis of 1772.

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Boston Tea Party

The Boston Tea Party was a political and mercantile protest by the Sons of Liberty in Boston, Massachusetts, on December 16, 1773.

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Douglas, Heron & Company

Douglas, Heron & Company, also known as the Ayr Bank, was a Scottish bank with its head office at Ayr.

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East India Company

The East India Company (EIC), also known as the Honourable East India Company (HEIC) or the British East India Company and informally as John Company, was an English and later British joint-stock company, formed to trade with the East Indies (in present-day terms, Maritime Southeast Asia), but ended up trading mainly with Qing China and seizing control of large parts of the Indian subcontinent.

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Financial crisis

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value.

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Lucy Sutherland

Dame Lucy Stuart Sutherland (21 June 1903 – 20 August 1980) was an Australian-born British historian and head of Lady Margaret Hall, Oxford.

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Neal, James, Fordyce and Down

Neal, James, Fordyce and Down was a London banking house.

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Non-importation Act

The Non-Importation Act was an act passed by the United States Congress on October 28, 1806, which forbade the importation of certain British goods in an attempt to coerce Great Britain to suspend its impressment of American sailors and to respect American sovereignty and neutrality on the high seas.

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Speculation

Speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable at a future date.

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Tea Act

Tea Act 1773 (13 Geo 3 c 44) was an Act of the Parliament of Great Britain.

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Townshend Acts

The Townshend Acts were a series of British acts passed during 1767 and 1768 and relating to the British American colonies in North America.

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Tyler Goodspeed

Tyler Beck Goodspeed is an American economist who serves on the White House Council of Economic Advisers.

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Redirects here:

Credit crisis of 1772.

References

[1] https://en.wikipedia.org/wiki/Crisis_of_1772

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