Photo © Harper's Weekly, Library of Congress (LOC)

Panic of 1792

Description

The 1st major financial crisis; Alexander Macomb and William Duer attempted to drive up prices of US debt securities and bank stocks, causing a bank run when they defaulted. Hamilton as Treasury Secretary provided banks with money to stabilize the market.

Started, Mar, 1792
Map View
Current Locations
First Bank of the United States
120 S 3rd St, Philadelphia, PA 19106, USA
1st Bank of New York
48 Wall St, New York, NY 10043, USA
Previous Locations
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current
1 Result,Show less
current Drawings and documents
1 Document,Show less
culture now
1857 - Bank run on the Seamen's Savings Bank during the panic of 1857

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