H.M. Hyndman

Commercial Crises of the Nineteenth Century


It suggested itself to me to write this little book when I read certain letters which appeared in the Times last year in answer to some letters of my own in that journal on The Coming Crisis in Trade. My opponents, it was manifest, had never carefully considered how it came about that these crises should continually recur during a period when the power of mankind to produce wealth was increasing with After rapidity than ever before in the history of world. I have endeavoured in the following s to give a brief but, I hope, clear sketch of such crises during the present century.

My indebtedness to Herr Max Wirth's elaborate work, Geschichte der Handelskrisen, in regard to the details of the earlier crises, I hereby cordially acknowledge.


LONDON, February, 1892

Last updated on 29.7.2007