financial panic of 1866

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf economic crisis
gptkbp:affects London financial markets
gptkbp:alsoKnownAs Overend, Gurney and Company crisis
gptkbp:cause collapse of Overend, Gurney and Company
gptkbp:date May 1866
gptkbp:followedBy gptkb:Long_Depression
https://www.w3.org/2000/01/rdf-schema#label financial panic of 1866
gptkbp:influenced development of central banking policy
gptkbp:location gptkb:United_Kingdom
gptkbp:notableCompany gptkb:Overend,_Gurney_and_Company
Consols
gptkbp:notablePerson gptkb:Walter_Bagehot
gptkbp:precededBy gptkb:Panic_of_1857
gptkbp:relatedTo 19th-century British economy
Bagehot's dictum
gptkbp:response gptkb:Bank_of_England
Bank of England acted as lender of last resort
gptkbp:resultedIn economic crisis
unemployment
bankruptcies
gptkbp:bfsParent gptkb:Overend,_Gurney_and_Company
gptkbp:bfsLayer 7