This is a list of economic crises and depressions.

1st century

Financial crisis of 33 A financial and economic crisis occurred in AD 33 in the Roman Empire, during the reign of Emperor Tiberius. After a shift in government policy and a series of confiscations reduced the Roman money supply, the crisis was triggered by the invocation ...

. The result of the mass issuance of unsecured loans by main Roman banking houses.

3rd century

Crisis of the Third Century The Crisis of the Third Century, also known as the Military Anarchy or the Imperial Crisis (AD 235–284), was a period in which the Roman Empire nearly collapsed. The crisis ended due to the military victories of Aurelian and with the ascensio ...

7th century

Coin exchange crisis of 692. Byzantine emperor Justinian II refuses to accept tribute from the

Umayyad Caliphate The Umayyad Caliphate (661–750 CE; , ; ar, ٱلْخِلَافَة ٱلْأُمَوِيَّة, al-Khilāfah al-ʾUmawīyah) was the second of the four major caliphates established after the death of Muhammad. The caliphate was ruled by the ...

with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the

Battle of Sebastopolis The Battle of Sebastopolis was fought at Sebastopolis (mostly identified with Elaiussa Sebaste in Cilicia but also with modern Sulusaray) in 692 CE between the Byzantine Empire and the Umayyad Caliphate under Abd al-Malik ibn Marwan. The battle ...

and the revolt of taxpayers who burned financial officials in a

copper bull The Copper Bull is a copper sculpture found at the site of Tell al-'Ubaid near the ancient city of Ur, now in southern Iraq, by Sir Leonard Woolley in 1923. The sculpture, which dates from about 2600 BC, is now in the British Museum.Twenty Years' Anarchy The Twenty Years' Anarchy is a historiographic term used by some modern scholarsBellinger & Grierson (1992), p. 5 for the period of acute internal instability in the Byzantine Empire marked by the rapid succession of several emperors to the thr ...

begins.

14th century

*14th century banking crisis (the crash of the

Peruzzi The Peruzzi were bankers of Florence, among the leading families of the city in the 14th century, before the rise to prominence of the Medici. Their modest antecedents stretched back to the mid 11th century, according to the family's genealogis ...

and the

Bardi family The House of Bardi was an influential Florentine family that started the powerful banking company Compagnia dei Bardi. In the 14th century the Bardis lent Edward III of England 900,000 gold florins, a debt which he failed to repay along with 600 ...

Compagnia dei Bardi The Compagnia dei Bardi was a Florentine banking and trading company which was started by the Bardi family, and which became one of the major medieval “super-companies” of the 14th Century. History The Bardi company was one of three major Flo ...

in 1345).

17th century

* Kipper und Wipper (1618–22) financial crisis at start of Thirty Years' War *

Tulip mania Tulip mania ( nl, tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then d ...

(1637) an

economic bubble An economic bubble (also called a speculative bubble or a financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify. Bubbles can be ...

that burst, hurting the economy of the Dutch Republic *

The General Crisis The General Crisis is a term used by some historians to describe an alleged period of widespread global conflict and instability that occurred from the early 17th century to the early 18th century in Europe, and in more recent historiography in ...

(1640) Arguably the largest worldwide crisis in history

18th century

* Great Tobacco Depression (1703) (British America) *

South Sea Bubble South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz ...

(1720) (UK) *

Mississippi Company The Mississippi Company (french: Compagnie du Mississippi; founded 1684, named the Company of the West from 1717, and the Company of the Indies from 1719) was a corporation holding a business monopoly in French colonies in North America and th ...

(1720) (France) * Crisis of 1763 – started in Amsterdam, begun by the collapse of

Leendert Pieter de Neufville Leendert Pieter de Neufville (Amsterdam, March 8, 1729Rotterdam, July 28, 1811) was a Dutch merchant and banker trading in silk, linen, and grain. His business grew quickly during the Seven Years' War. De Neufville secretly supplied the Prussian ...

and

Johann Ernst Gotzkowsky Johann Ernst Gotzkowsky (21 November 1710 – 9 August 1775) was a Prussian merchant with a successful trade in trinkets, silk, taft, porcelain, grain and bills of exchange. Moreover, he acted as a diplomat and important art dealer. His paint ...

, spread to Germany and Scandinavia * Great East Indian Bengal Bubble Crash (1769) (India) Crash started by rapid overvaluation of the

East India Company The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southea ...

. *

Crisis of 1772 The British credit crisis of 1772-1773 also known as the crisis of 1772, or the panic of 1772, was a peacetime financial crisis which originated in London and then spread to Scotland and the Dutch Republic.

– started in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce and Down. * War of American Independence Financing Crisis (1776) (United States) – The French Revolution was initiated by its 1.4 billion livre investment here; Spain invested 700 million reales into fighting * Panic of 1785 – United States *

Panic of 1792 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 Willi ...

– United States *

Panic of 1796–1797 The Panic of 1796–1797 was a series of downturns in credit markets in both Great Britain and the newly established United States in 1796 that led to broader commercial downturns. In the United States, problems first emerged when a land speculati ...

– Britain and United States

19th century

* Danish state bankruptcy of 1813 * Post-Napoleonic depression (post 1815) (England) *

Panic of 1819 The Panic of 1819 was the first widespread and durable financial crisis in the United States that slowed westward expansion in the Cotton Belt and was followed by a general collapse of the American economy that persisted through 1821. The Panic h ...

, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle *

Panic of 1825 The Panic of 1825 was a stock market crash that started in the Bank of England, arising in part out of speculative investments in Latin America, including an imaginary country: Poyais. The crisis was felt most acutely in Britain, where it led to ...

, a pervasive British recession in which many banks failed, nearly including the

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government o ...

Panic of 1837 The Panic of 1837 was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down, westward expansion was stalled, unemployment went up, and pessimism abound ...

, a U.S. recession with bank failures, followed by a 5-year depression *

Panic of 1847 The Panic of 1847 was a minor British banking crisis associated with the end of the 1840s railway industry boom and the failure of many non-banks. Background As a means of stabilizing the British economy, the ministry of Robert Peel passed the ...

, started as a collapse of British financial markets associated with the end of the 1840s railway industry boom *

Panic of 1857 The Panic of 1857 was a financial panic in the United States caused by the declining international economy and over-expansion of the domestic economy. Because of the invention of the telegraph by Samuel F. Morse in 1844, the Panic of 1857 was ...

, a U.S. recession with bank failures *

Panic of 1866 The Panic of 1866 was an international financial downturn that accompanied the failure of Overend, Gurney and Company in London, and the ''corso forzoso'' abandonment of the silver standard in Italy. In Britain, the economic impacts are held pa ...

, was an international financial downturn that accompanied the failure of Overend, Gurney and Company in London *

Great Depression of British Agriculture The Great Depression of British Agriculture occurred during the late nineteenth century and is usually dated from 1873 to 1896. Contemporaneous with the global Long Depression, Britain's agricultural depression was caused by the dramatic fall in gr ...

(1873–1896) *

Long Depression The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1896, depending on the metrics used. It was most severe in Europe and the United States, which had been experiencing st ...

(1873–1896) **

Panic of 1873 The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "L ...

, a US recession with bank failures, followed by a four-year depression **

Panic of 1884 The Panic of 1884 was an economic panic during the Depression of 1882–1885. It was unusual in that it struck at the end rather than the beginning of the recession. The panic created a credit shortage that led to a significant economic decline i ...

Panic of 1890 Panic is a sudden sensation of fear, which is so strong as to dominate or prevent reason and logical thinking, replacing it with overwhelming feelings of anxiety and frantic agitation consistent with an animalistic fight-or-flight reacti ...

Panic of 1893 The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. It deeply affected every sector of the economy, and produced political upheaval that led to the political realignment of 1896 and the presi ...

, a US recession with bank failures **

Australian banking crisis of 1893 The 1893 banking crisis in the Australian colonies involved the collapse of a considerable number of commercial banks and building societies, and a general economic depression. It occurred at the same time as the US Panic of 1893 (1893–1897). ...

Panic of 1896 The Panic of 1896 was an acute economic depression in the United States that was less serious than other panics of the era, precipitated by a drop in silver reserves, and market concerns on the effects it would have on the gold standard. Deflation ...

20th century

1900s

Panic of 1901 The Panic of 1901 was the first stock market crash on the New York Stock Exchange, caused in part by struggles between E. H. Harriman, Jacob Schiff, and J. P. Morgan/James J. Hill for the financial control of the Northern Pacific Railway. The stock ...

, a U.S. economic recession that started with a fight for financial control of the Northern Pacific Railway *

Panic of 1907 The Panic of 1907, also known as the 1907 Bankers' Panic or Knickerbocker Crisis, was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from ...

, a U.S. economic recession with bank failures

1920s

Depression of 1920–21 Depression may refer to: Mental health * Depression (mood), a state of low mood and aversion to activity * Mood disorders characterized by depression are commonly referred to as simply ''depression'', including: ** Dysthymia, also known as pers ...

, a U.S. economic recession following the end of WW1. *

Wall Street Crash of 1929 The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange coll ...

and

Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion ...

(1929–1939) the worst depression of modern history

1970s

1970s energy crisis The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages as well as elevated prices. The two worst crises of this period w ...

** OPEC oil price shock (1973) **

1979 energy crisis The 1979 oil crisis, also known as the 1979 Oil Shock or Second Oil Crisis, was an energy crisis caused by a drop in oil production in the wake of the Iranian Revolution. Although the global oil supply only decreased by approximately four per ...

(1979) * Secondary banking crisis of 1973–1975 in the UK *

Latin American debt crisis The Latin American debt crisis ( es, Crisis de la deuda latinoamericana; pt, Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as ''La Décad ...

(late 1970s, early 1980s) known as "lost decade"

1980s

Early 1980s Recession The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1983. It is widely considered to have been the most severe recession since World War II. A key event leading t ...

* Chilean crisis of 1982 * Bank stock crisis (Israel 1983) *

Japanese asset price bubble The was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and Japan's economy stagnated. The bubble was characterized by rapid acceleration of ...

(1986–1992) *

Black Monday (1987) Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. In Australia and New Zealand, the day is also referred to as ''Black Tuesday'' because of the time z ...

(1987) (US) * Savings and loan crisis failure of 1,043 out of the 3,234 S&Ls from 1986 to 1995 in the U.S.

1990s

Special Period The Special Period ( es, Período especial, link=no), officially the Special Period in the Time of Peace (), was an extended period of economic crisis in Cuba that began in 1991 primarily due to the dissolution of the Soviet Union and, by ext ...

in Cuba (1990–1994) *

Early 1990s Recession The early 1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed in part to the 1992 U.S. presidential election victory of Bill Clinton over incu ...

1991 Indian economic crisis The 1991 Indian economic crisis was an economic crisis in India resulting from a balance of payments deficit due to excess reliance on imports and other external factors. India's economic problems started worsening in 1985 as imports swelled, lea ...

* Finnish banking crisis (1990s) (1991–1993) * Sweden financial crisis 1990–1994 *

Black Wednesday Black Wednesday (or the 1992 Sterling crisis) occurred on 16 September 1992 when the UK Government was forced to withdraw sterling from the European Exchange Rate Mechanism (ERM), after a failed attempt to keep its exchange rate above the ...

(1992) *

Mexican peso crisis The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994, which became one of the first international financial crises ignited by capital flight. ...

1997 Asian financial crisis The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1 ...

1998 Russian financial crisis The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had s ...

* 1998–1999 Ecuador economic crisis *

1998–2002 Argentine great depression The Argentine Great Depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002. It followed the fifteen years stagnation and a brief period of free-market reforms. ...

* Samba effect (1999) (Brazil)

21st century

2000s

Early 2000s recession The early 2000s recession was a decline in economic activity which mainly occurred in developed countries. The recession affected the European Union during 2000 and 2001 and the United States from March to November 2001. The UK, Canada and ...

Dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compos ...

(2000–2002) (US) *

2001 Turkish economic crisis The 2001 Turkish economic crisis was a financial crisis which resulted in a stock market crash and collapse in the Turkish Lira as a result of political and economic problems that had been wearing on Turkey for years. Leading up to the crisis, th ...

* 2001 September 11 Attacks * 2002 Uruguay banking crisis *

Venezuelan general strike of 2002–03 Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in t ...

* Finance company collapses, 2006–2012 (New Zealand) *

Financial crisis of 2007–2008 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...

Great Recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At t ...

(worldwide) ** 2000s energy crisis (2003–2009) oil price bubble **

Subprime mortgage crisis The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the col ...

(US) (2007–2010) **

United States housing bubble The 2000s United States housing bubble was a real-estate bubble affecting over half of the U.S. states. It was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reac ...

and

United States housing market correction United States housing prices experienced a major market correction after the housing bubble that peaked in early 2006. Prices of real estate then adjusted downwards in late 2006, causing a loss of market liquidity and subprime defaults. A real e ...

(US) (2003–2011) ** Automotive industry crisis of 2008–2010 (US) ** 2008–2011 Icelandic financial crisis ** 2008–2010 Irish banking crisis ** Russian financial crisis of 2008–2009 **

2008 Latvian financial crisis The 2008 Latvian financial crisis, which stemmed from the global financial crisis of 2008–2009, was a major economic and political crisis in Latvia. The crisis was generated when an easy credit market burst, resulting in an unemployment crisis, ...

Venezuelan banking crisis of 2009–10 Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of V ...

* 2008-14 Spanish financial crisis

2010s

European sovereign debt crisis The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone memb ...

(EU) (2009–2019) **

Greek government-debt crisis Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. Widely known in the country as The Crisis ( Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that ...

(2009–2019) *

2010–2014 Portuguese financial crisis The 2010–2014 Portuguese financial crisis was part of the wider downturn of the Portuguese economy that started in 2001 and possibly ended between 2016 and 2017. The period from 2010 to 2014 was probably the hardest and more challenging part of ...

* 2012–2013 Cypriot financial crisis (2012–2013) *

Crisis in Venezuela The crisis in Venezuela is an ongoing socioeconomic and political crisis that began in Venezuela during the presidency of Hugo Chávez and has worsened in Nicolás Maduro's presidency. It has been marked by hyperinflation, escalating starvation ...

(2012–now) *

Russo-Ukrainian War The Russo-Ukrainian War; uk, російсько-українська війна, rosiisko-ukrainska viina. has been ongoing between Russia (alongside Russian separatists in Ukraine) and Ukraine since February 2014. Following Ukraine's Rev ...

(2014–now) * 2014 Russian financial crisis * 2014–2017 Brazilian economic crisis *

2015 Chinese stock market crash Fifteen or 15 may refer to: *15 (number), the natural number following 14 and preceding 16 *one of the years 15 BC, AD 15, 1915, 2015 Music *Fifteen (band), a punk rock band Albums * ''15'' (Buckcherry album), 2005 * ''15'' (Ani Lorak albu ...

Turkish currency and debt crisis, 2018 Turkish may refer to: *a Turkic language spoken by the Turks * of or about Turkey ** Turkish language *** Turkish alphabet ** Turkish people, a Turkic ethnic group and nation *** Turkish citizen, a citizen of Turkey *** Turkish communities and ...

* Argentine monetary crisis

2020s

COVID-19 recession The COVID-19 recession, also referred to as the Great Lockdown, is a global economic recession caused by the COVID-19 pandemic. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnati ...

Economic impact of the COVID-19 pandemic The COVID-19 pandemic has had far-reaching economic consequences including the COVID-19 recession, the second largest global recession in recent history, decreased business in the services sector during the COVID-19 lockdowns, the 2020 stock ...

(2020–present day) **

2020 stock market crash On 20 February 2020, stock markets across the world suddenly crashed after growing instability due to the COVID-19 pandemic. It ended on 7 April 2020. Beginning on 13 May 2019, the yield curve on U.S. Treasury securities inverted, and rem ...

(2020) ***

Black Monday Black Monday refers to specific Mondays when undesirable or turbulent events have occurred. It has been used to designate massacres, military battles, and stock market crashes. Historic events *1209, Dublin – when a group of 500 recently arriv ...

(9 March) *** Black Thursday (12 March) * Lebanese liquidity crisis *

Sri Lankan economic crisis Shri (; , ) is a Sanskrit term denoting resplendence, wealth and prosperity, primarily used as an honorific. The word is widely used in South and Southeast Asian languages such as Marathi, Malay (including Indonesian and Malaysian), Javane ...

* 2020–2022 Chinese property sector crisis * 2022 Pakistan economic crisis *

2022 Russian financial crisis The economic impact of the 2022 Russian invasion of Ukraine began in late February 2022, in the days after Russia recognized two breakaway Ukrainian republics and launched an invasion of Ukraine. The subsequent economic sanctions have tar ...

References

* {{DEFAULTSORT:Economic crises Crises *