The Panic of 1866 With Its Lessons On the Currency Act. By Robert Baxter
The Panic of 1866 With Its Lessons On the Currency Act. By Robert Baxter
Baxter, Robert. [from Old Catalog]
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. 8 - 7 1861' ' Jan. . Feb. . March. April . April . May . 7 ' 8 7 6 5 6 ^ 4 1864 Feb. . April . May . »May . May . May . June . 6 7 8 9 8 7 6 3 Aug. . Aug. . Aug. . Sept. . Nov. . 6 H 3 - July . Aug. . Sept. . Nov. . Nov. . 7 8 9 8 7 Jan. . 2J) . Dec. . 6 J May . 3 1862- July . July . ? i Jan. . Jan. . I'] ^ Oct. . 3 > March March 4 . Jan. . Jan. . Feb. . 4 ^ 5 4 May . May . June . 4J 4 H April . H 1865' June . 3 3 April . 3 July . 3* 1863^ May . 3* 5 Aug. . 4 May . 4 Sept. . H Nov. . 6 Oct. .... 6 Nov. . 6 Oct. . 6 Dec. . 7 Oct. . 7 Dec. . 8 Nov. . 6 Dec. . 7 ^ '- Dec. . 7 . Amoont of each change of interest increas- ingly great. The average amount of change for the first period of 11 years is under . 1 per cent. The average of the second period over . 3 „ And of the first 11 years there were : — 6 years without any change. 8 years with a change of . ' i v 4 „ „ . . 1 1 „ „ . . 2J 1 yipar of panic (1847) . . 4J Digitized by VjOOQ IC RATE OF INTEREST IN PARIS, 1844-1866. 15 Out of the second 11 yeara there were : 1 year -vrith a change of 2 1 " 1 year of panic (1857) 1 year of prosperity (1863) J per cent.
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