List of economic crises

This is a list of economic crises and depressions.

1st centuryEdit

  • The Financial Panic of AD 33.

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

3rd centuryEdit

7th centuryEdit

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, and Justinian II was tortured by cutting off his nose in front of spectators at the hippodrome. Twenty Years' Anarchy begins.

14th centuryEdit

17th centuryEdit

18th centuryEdit

19th centuryEdit

20th centuryEdit


  • 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 centuryEdit




See alsoEdit


  1. ^ "Tiberius Used Quantitative Easing To Solve The Financial Crisis Of 33 AD". Business Insider. Retrieved 2 December 2016.
  2. ^ "100 Most Important American Financial Crises". Retrieved 9 December 2014.
  3. ^ "100 Most Important American Financial Crises". Retrieved 9 December 2014.