A Brief History of Panics and Their Periodical Occurrence in the United States

Juglar, Clément, 1819-1905Project Gutenberg · United StatesDec 2019

Rating 3.7
Word count
225K words
Chapters
23

Tags

English Originals Finance and Economics Business DecisionsSocial ObservationEconomic CyclesFinancial Hot TopicsFinancial CrisisRisk ControlAcademic StudyPolicy AnalysisCase AnalysisUS Economic History

Summary

Project Gutenberg was the first provider of free electronic books, or eBooks. Michael Hart, founder of Project Gutenberg, invented eBooks in 1971 and his memory continues to inspire the creation of eBooks and related technologies today.A Brief History of Panics and Their Periodical Occurrence in the United StatesAuthor: Juglar, Clément, 1819-1905,Language: English, Class: HB: Social sciences: Economic theory, Demography, Release Date: Jan 1, 2005

Editor's review

This book is an early study by French economist Clément Juglar on the periodicity of financial crises in the United States, digitized by Project Gutenberg and circulated as an English-language e-book. Its value lies not in offering a guide to contemporary financial practice, but in showing how a nineteenth-century economist observed, recorded, and sought to generalize the recurrence of American panics, providing a primary document for understanding the origins of business-cycle thought. Its account of the rhythm of panics can be read alongside later discussions of business cycles and is suitable as supplementary reading in the history of economic thought or financial history. Because it was written long ago, its data and institutional background belong to a historical context; readers should approach it with a historical awareness and should not apply its conclusions directly to today's markets. The e-book is easy to search and excerpt, making it useful for researchers tracing early cycle theories to locate relevant passages quickly, and for readers interested in economic history as topical background reading.

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Reading tips

  1. Read the introduction or table of contents first to grasp the author's core claims about panic cycles, then verify the historical facts chapter by chapter.
  2. Prepare a timeline matching the panic years mentioned in the book with major American economic events of the time.
  3. Read alongside later works on business cycles, taking care to distinguish historical description from theoretical inference.

About the publisher

Project Gutenberg United States · Founded in 1971

Project Gutenberg is a digital publishing project focused on public-domain ebooks. Its publishing direction centers on classic literary works whose copyright has expired, covering genres such as poetry, drama, fiction, and epic. Representative books include Lyrical Ballads by Wordsworth and Coleridge, Proust's Du côté de chez Swann, Shakespeare's Macbeth and The Complete Works of William Shakespeare, Homer's The Iliad, Dante's La Divina Comèdia: Purgatòri, Cervantes's The History of Don Quixote, Volume 2, and Grahame's The Wind in the Willows. Its author resources consist mainly of classic Western writers such as Wordsworth, Proust, Shakespeare, Homer, Dante, Cervantes, Grahame, and Tolstoy. Its publishing feature is the provision of freely accessible ebooks in EPUB and Kindle formats; it is not a traditional publisher, and publicly available information is limited.

Contents

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23

FAQ

Is this book suitable for learning modern financial investment? No. It is a nineteenth-century economist's observations and generalizations about American panics, a document in the history of economic thought that discusses cyclical phenomena in a historical context and does not offer contemporary market analysis or investment methods. Those wishing to learn modern financial investment should choose contemporary textbooks and research, using this book only as background reference.
What prior knowledge is needed before reading? It is best to have basic economic concepts such as credit, the banking system, and the business cycle, along with a general understanding of nineteenth-century American economic history. With no background at all, one might first read an introductory work on economic history and then return to this book, which makes it easier to understand the panic context and the author's mode of argument.
Any practical advice for reading the electronic edition? The electronic edition is convenient for full-text searching: first search keywords such as panic and periodical to locate the core chapters, then read the relevant passages. As a public-domain e-book, its formatting may be plain; use a reader that supports annotation to take excerpts, and keep notes organizing the panic years mentioned and the author's explanatory framework.

This site is an index: you start “Search all sources” in your browser, and the entries it lists all point to third-party sites; please judge their availability yourself.

About the author

Juglar, Clément, 1819-1905 Author · French · 1819–1905

Clément Juglar (1819–1905) was a French economist known for his work on commercial crises and cyclical fluctuations, and is regarded as one of the important early founders of business cycle theory. He argued that economic crises are not isolated disasters but recur in regular cycles, and he sought to understand how crises arise and spread through changes in credit, prices, and the banking system. His major work, On Commercial Crises, embodies this approach. The library also holds his A Brief History of Panics and Their Periodical Occurrence in the United States, which traces repeated financial panics in American history in a concise, fact-based manner and has been instructive for later research on economic cycles. Beyond this, public information about his life and doctrines is limited.