Filters:
Group: Doeg (Amerind tribe)
People: Báb
Topic: Baring crisis
Location: Ramsgate Kent United Kingdom

Baring crisis

Years: 1890 - 1891

The Baring crisis or the Panic of 1890 is an acute recession.

Although less serious than other panics of the era, still it is the nineteenth century’s most famous sovereign debt crisis.

“Hegel remarks somewhere that all great, world-historical facts and personages occur, as it were, twice. He has forgotten to add: the first time as tragedy, the second as farce”

― Karl Marx, The Eighteenth Brumaire...(1852)