About: Panic of 1792

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The Panic of 1792 was a financial credit crisis that occurred during the months of March and April 1792, precipitated by the expansion of credit by the newly formed Bank of the United States as well as by rampant speculation on the part of William Duer, Alexander Macomb, and other prominent bankers. Duer, Macomb, and their colleagues attempted to drive up prices of United States (U.S) debt securities and bank stocks, but when they defaulted on loans, prices fell, causing a bank run. Simultaneous tightening of credit by the Bank of the United States served to heighten the initial panic. Secretary of the Treasury Alexander Hamilton was able to deftly manage the crisis by providing banks across the Northeast United States with hundreds of thousands of dollars to make open-market purchases of

Attributes	Values
rdf:type	yago:Abstraction100002137 yago:Attribute100024264 yago:Calamity107314838 yago:Condition113920835 yago:Crisis113933560 yago:Difficulty114408086 yago:Event100029378 yago:Happening107283608 yago:Misfortune107304852 yago:PsychologicalFeature100023100 yago:YagoPermanentlyLocatedEntity military conflict yago:Situation114411243 yago:State100024720 yago:Trouble107289014 yago:WikicatEconomicDisasters yago:WikicatEconomicDisastersInTheUnitedStates yago:WikicatFinancialCrises
rdfs:label	Panik von 1792 (de) Panique de 1792 (fr) Panico del 1792 (it) Panic of 1792 (en) Panika roku 1792 (pl) Банковская паника 1792 года (ru)
rdfs:comment	Die Panik von 1792 war eine der ersten Finanzkrisen in den Vereinigten Staaten. Sie wurde durch eine Spekulantengruppe um William Duer und das unvorhersehbare Handeln der neu gegründeten Nationalbank First Bank of the United States ausgelöst. (de) La Panique de 1792 fut le nom donné à une crise financière survenue entre mars et avril 1792. Elle a eu pour origine une politique massive de prêts à taux réduit pratiquée par la First Bank of the United States, première banque centrale américaine, crée en 1791. La brusque remontée des taux en février 1792 rendit incapables les emprunteurs d'honorer leur dette et provoqua un enchaînement de faillites. * Portail de la finance * Portail des années 1790 * Portail des risques majeurs (fr) The Panic of 1792 was a financial credit crisis that occurred during the months of March and April 1792, precipitated by the expansion of credit by the newly formed Bank of the United States as well as by rampant speculation on the part of William Duer, Alexander Macomb, and other prominent bankers. Duer, Macomb, and their colleagues attempted to drive up prices of United States (U.S) debt securities and bank stocks, but when they defaulted on loans, prices fell, causing a bank run. Simultaneous tightening of credit by the Bank of the United States served to heighten the initial panic. Secretary of the Treasury Alexander Hamilton was able to deftly manage the crisis by providing banks across the Northeast United States with hundreds of thousands of dollars to make open-market purchases of (en) Il panico del 1792 è stata una crisi del credito finanziario che ebbe luogo nei mesi di marzo e aprile del 1792 a causa della speculazione di e nei confronti dei titoli azionari detenuti dalla . Mentre Duer tentava di guidare i prezzi delle azioni verso l'alto, la tentava di guidarli verso il basso e questo comportamento causò una corsa agli sportelli. Macomb e Duer finirono in rovina mentre il Segretario al Tesoro, Alexander Hamilton, prevenne una crisi nazionale fornendo centinaia di migliaia di dollari in titoli alle banche che si trovavano in situazione problematica. (it) Panika roku 1792 – panika, która wybuchła w marcu i kwietniu 1792 roku i była wywołana kryzysem na rynku kredytowym. Kiedy i rozpoczęli spekulację przeciwko akcjom posiadanym przez Bank Nowego Jorku, Pierwszy Bank Stanów Zjednoczonych angażował się w dużą ekspansję kredytową, czym prowokował dalsze spekulacje. Podczas paniki w 1792 roku Bank Stanów Zjednoczonych nie funkcjonował w pełni, więc ówczesny sekretarz skarbu USA, Aleksander Hamilton, musiał polegać na Banku Nowego Jorku. (pl) Банковская паника 1792 года — финансово-кредитный кризис, произошедший в Соединённых Штатах Америки в марте — апреле 1792 года, в результате которого ценные бумаги потеряли в цене приблизительно четверть собственной стоимости. Считается первым крупным финансовым кризисом в истории США. (ru)
dcterms:subject	Fiscal policy Wall Street Alexander Hamilton 1792 in the United States Financial crises Real estate in the United States Economic crises in the United States History of banking in the United States Securities (finance) Credit 1792 in economics
Wikipage page ID	19925897 (xsd:integer)
Wikipage revision ID	1115969462 (xsd:integer)
Link from a Wikipage to another Wikipage	Fiscal policy List of banking crises Debt securities United States Default (finance) Northeast United States Wall Street Coin Alexander Macomb (merchant) Alexander Hamilton George Washington Thomas Jefferson 1792 in the United States Financial crises Speculation Stock Credit Loan Lombard Street: A Description of the Money Market Alexander Hamilton Real estate in the United States Edmund Randolph First Bank of the United States Bank Bank run Economic crises in the United States POTUS Lender of last resort William Duer (Continental Congressman) Bank of New York History of banking in the United States Securities (finance) Credit John Adams John Jay Collaterals Henry Thornton (reformer) 1792 in economics Financial crisis Credit crisis US Treasury Secretary
sameAs	Panic of 1792 Panic of 1792 Panic of 1792 Panic of 1792 Panic of 1792 Panic of 1792 Panic of 1792 Panic of 1792 Panic of 1792
dbp:wikiPageUsesTemplate	dbt:Clarify dbt:Reflist dbt:Short_description dbt:Financial_crises dbt:United_States_–_Commonwealth_of_Nations_recessions
has abstract	Die Panik von 1792 war eine der ersten Finanzkrisen in den Vereinigten Staaten. Sie wurde durch eine Spekulantengruppe um William Duer und das unvorhersehbare Handeln der neu gegründeten Nationalbank First Bank of the United States ausgelöst. (de) The Panic of 1792 was a financial credit crisis that occurred during the months of March and April 1792, precipitated by the expansion of credit by the newly formed Bank of the United States as well as by rampant speculation on the part of William Duer, Alexander Macomb, and other prominent bankers. Duer, Macomb, and their colleagues attempted to drive up prices of United States (U.S) debt securities and bank stocks, but when they defaulted on loans, prices fell, causing a bank run. Simultaneous tightening of credit by the Bank of the United States served to heighten the initial panic. Secretary of the Treasury Alexander Hamilton was able to deftly manage the crisis by providing banks across the Northeast United States with hundreds of thousands of dollars to make open-market purchases of securities, which allowed the market to stabilize by May 1792. (en)

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