The Panic of 1890 was an acute depression that was less serious than other panics of the era precipitated by the near insolvency of the Baring Brothers bank in London due mainly to poor investements in Argentina. The Bank of England bailed out the Baring Brothers which prevented a larger depression. Nathan Rothschild remarked that if this had not happened, perhaps the entire private banking system of London would have collapsed which would have made for a tremendous economic catastrophe. Barings Bank, previously known as Baring Brothers & Co. ... For other uses, see London (disambiguation). ... The Bank of England is the central bank of the United Kingdom, sometimes known as The Old Lady of Threadneedle Street or The Old Lady. The nearest London Underground station is Bank station. ... Baron Rothschild. ...

The panic was associated with call money reaching an astonishing 45 percent and a slump in the commodities market the world over. Chicago Board of Trade Commodity market Commodity markets are markets where raw or primary products are exchanged. ...

See also

• Panic of 1819
• Panic of 1837
• Panic of 1857
• Panic of 1873
• Panic of 1884
• Panic of 1893
• Panic of 1896
• Panic of 1901
• Panic of 1907
• Panic of 1910-1911
• Great Depression

The Panic of 1819 was the first major financial crisis in the United States. ... 1840 Whig campaign poster blames Van Buren for hard times The Panic of 1837 was an economic depression, one of the most severe financial crises in the history of the United States. ... The Panic of 1857 was a notable sudden collapse in the economy of the United States that occurred in 1857. ... Run on the Fourth National Bank, No. ... The Panic of 1893 was a serious decline in the economy of the United States that began in 1893 and was precipitated in part by a run on the gold supply. ... The Panic of 1907 was a relatively serious economic downturn in the United States caused by a New York credit crunch that spread across the nation and led to the closings of banks and businesses. ... The Great Depression was a worldwide economic downturn, starting in 1929 and lasting through most of the 1930s. ...

External Links and references

• THE SIXTH GREAT POWER: A History of One of the Greatest of All Banking Families, the House of Barings, 1762-1929. By Philip Ziegler. Illustrated. 430 pp. New York: Alfred A. Knopf.
• W.D. Gann's Forecasting Methods of Stocks and Bonds by D.K.Burton