These conclusions are also reached by our author through analyses of the
Financial History of England, France, Prussia, Austria, etc. These I
omit as unnecessarily wearisome to the reader since I give that of our
own country. However, I will here quote the following: "What must be
noted is the reiteration and sequence of the same points _(faits)_
under varying circumstances, at all times, in all countries and under
all governments," and also this table showing all the panics and their
practical coincidence in the past eighty-five years, in France, England,
and the United States.
France England United States
1804 1803
1810 1810
1813-14 1815 1814
1818 1818 1818
1825 1825 1826
1830 1830 1829-31
1836-39 1836-39 1837-39
1847 1847 1848
1857 1857 1857
1864 1864-66 1864
1873 1873
1882 1882 1884
(a 1889-90 (a 1890-91 1890-91
p 1894 p 1894 1893-94
p 1897 p 1897 1897
r 1903 r 19O3 1903
o 1907 o 1907 1907
x 1913 x 1913 1913
i i
m m
a a
t t
e e
l l
y) y)
Truly these thirteen panics in the three countries have been practically
simultaneous and one common cause must have originated them.
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