Show just before tho dawn 1837 a land boom or cJ lapses apses firms farms sell for 2 per cent of 0 their value hair the property in alabama change hands banks suspend specie payment two years of 0 prosperity followed folio ed mi 1841 itne tenths of the eastern factories close to thirds of the clerks are an discharged many industries dus tries shut down don er entirely Virely several states repudiate bonds rive five thousand men storm city hall it tn boston the next t gwehe ell e 3 ears were A ere prosperous edth ath only to 00 minor interruptions i 1857 all the banks in the united states slates s suspend payments in cash industry most stops entirely lv 1 l property falls 25 to 75 per cent in value alue parading mobs in new york cry bread or death I 1 sub brer jura in wall street ts is stormed and Is only saved by federal troops business roo steadily lor for three denra ears 1873 jay cook liv compared with mith the bank of egland E bigland igland in strength falls stock simi el echane chance closes tor for eight doa da providence firm falls fails for more han than entire rhode island state debt pig rig iron annot be sold old for any price depress on L fw owed lowed by five pro prof lears 1893 Rea dIrve atchinson arlt union pacific northern pa palf if c i fall fail for combined loss logs of 2 00 rim W 1 anlon nion pacific sells for 1 1 per share is assessed for 15 lurrene v is orth morth 4 per cent more than checks call cuney Is Ls asked for at per cent but no money Is available Dep followed fol loved by six prosperous ears 1931 observers ober vers say plants ore are over expanded and because england and europe are ore oft off the gold basis prosperity cannot return greatest ri 11 asp rity in asior or developed during the ensuing eight tight vears ears 1931 observers sn sa plants are 0 over er expended and because erig england I 1 and Is ok off the gold basis prosperity cannot i reprinted printed ne by I 1 acial permission of cambridge associates ini inc and I 1 furnished by christensen s inc |