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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 "Long Depression" that weakened the country's economic leadership. In the United States, the Panic was known as the "Great Depression" until the events of 1929 and the early 1930s set a new standard. The Panic of 1873 and the subsequent depression had several underlying causes for which economic historians debate the relative importance. American inflation, rampant speculative investments (overwhelmingly in railroads), the demonetization of silver in Germany and the United States, ripples from economic dislocation in Europe resulting from the Franco-Prussian War (1870–1871), and major property losses in the Great Chicago Fire (1871) and the Great Boston Fire (1872) helped to place massive strain on bank reserves, which, in New York ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1873 Bank Run
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, uncertainty and frantic agitation consistent with a fight-or-flight reaction. Panic may occur singularly in individuals or manifest suddenly in large groups as mass panic (closely related to herd behavior). Etymology The word "panic" derives from antiquity and is a tribute to the ancient god Pan. One of the many gods in the mythology of ancient Greece, Pan was the god of shepherds and of woods and pastures. The Greeks believed that he often wandered peacefully through the woods, playing a pipe, but when accidentally awakened from his noontime nap he could give a great shout that would cause flocks to stampede. From this aspect of Pan's nature Greek authors derived the word ''panikos'', "sudden fear", the ultimate source of the English word: "panic". The Greek term indicates the feeling of total fear that is als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franco-Prussian War
The Franco-Prussian War or Franco-German War, often referred to in France as the War of 1870, was a conflict between the Second French Empire and the North German Confederation led by the Kingdom of Prussia. Lasting from 19 July 1870 to 28 January 1871, the conflict was caused primarily by France's determination to reassert its dominant position in continental Europe, which appeared in question following the decisive Austro-Prussian War, Prussian victory over Austria in 1866. According to some historians, Prussian chancellor Otto von Bismarck deliberately provoked the French into declaring war on Prussia in order to induce four independent southern German states—Grand Duchy of Baden, Baden, Kingdom of Württemberg, Württemberg, Kingdom of Bavaria, Bavaria and Grand Duchy of Hesse, Hesse-Darmstadt—to join the North German Confederation. Other historians contend that Bismarck exploited the circumstances as they unfolded. All agree that Bismarck recognized the potential for new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Gold Mark
The German mark ( ; sign: ℳ︁) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the minor unit of the pfennig (₰); 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871 to 1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold coins ceased to circulate. After the fall of the Empire due to the November Revolution of 1918, the mark was succeeded by the Weimar Republic's mark, derisively referred to as the Papiermark () due to hyperinflation in the Weimar Republic from 1918 to 1923. History The introduction of the German mark in 1873 was the culmination of decades-long efforts to unify the various currencies used by the German Confederation. The Zollverein unified in 1838 the Prussian and South German currencies at a fixed rate of 1 Prussian thaler = South German gulden = 16.704 g fine silver. A larger currency convention i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Masur
Masur can mean: *Masurians The Masurians or Mazurs (; ; Masurian dialects, Masurian: ''Mazurÿ''), historically also known as Prussian Masurians (Polish language, Polish: ''Mazurzy pruscy''), are an ethnic group originating from the region of Masuria, within the Warmian- ... or Masurs, a small European ethnic group * Masur (surname) * Masur, India, a town in Maharashtra state * Masur, Iran, a village in Lorestan Province * Masur, Yemen * Masur (lentil) * Masur-e Abi also known as Māsūr See also * * Mazur (other) {{DEFAULTSORT:Masur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Indemnity
The French indemnity was the indemnity the French Third Republic paid to the German Empire after the French defeat in the Franco-Prussian War in 1871. Background An armistice was concluded on 28 January 1871 to allow elections to the French National Assembly. A preliminary peace was signed on 26 February with the Treaty of Frankfurt signed on 10 May. The Prussian State Ministry on 8 February recommended an indemnity of 1 billion thaler (3 billion francs), 95% of which would be paid to the army. The Prussian Finance Minister Otto von Camphausen said: The German nation had after all suffered so many additional losses in blood and material goods which are beyond all accounting that it is entirely justified to assess the price of the war generously and in addition to the estimated sum to demand an appropriate surcharge for the incalculable damages.Jonathan Steinberg, ''Bismarck: A Life'' (New York: Oxford University Press, 2011), p. 309. The Prussian Chancellor Otto von Bismarck s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank
Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in 1870 in Berlin. From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as ''Deutsche Bank und Disconto-Gesellschaft'' or DeDi-Bank. Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan, Grenfell & Company, Morgan Grenfell in 1990, Bankers Trust in 1998, and Deutsche Postbank in 2010. As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia. It is a component of the DAX stock market index and is often referred to as the List of banks in Germany, largest German banking institution, with Deutsche Bank holding the majority stake in DWS Group for combined assets of 2.2 trillion euros, rivaling even Spa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gründerzeit
The (; ) was a period of Economic history of Europe (1000 AD–present), European economic history in mid- and late-19th century German Empire, Germany and Austria-Hungary between Industrialization in Germany, industrialization and the great Panic of 1873, stock market crash of 1873. Its name is derived from the many Incorporation (business), incorporations of companies that occurred in the years between the Franco-Prussian War and the panic of 1873. The term also refers to a cultural and architectural era which began in the mid-19th century and lasted until 1914. ''Gründerzeit'' architecture is closely associated with Historicism (art), historicism, and occupies a prominent place in many Central European cities due to 19th-century urbanization. Periodization Social and Economic History The years constituting the economic ''Gründerzeit'' are not universally agreed-upon. In the most narrow sense, the term refers to the two years following the founding of the German Empi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unification Of Germany
The unification of Germany (, ) was a process of building the first nation-state for Germans with federalism, federal features based on the concept of Lesser Germany (one without Habsburgs' multi-ethnic Austria or its German-speaking part). It commenced on 18 August 1866 with the adoption of the North German Confederation Treaty establishing the North German Confederation, initially a military alliance ''de facto'' dominated by the Kingdom of Prussia which was subsequently deepened through adoption of the North German Constitution. The process symbolically concluded when most of the south German states joined the North German Confederation with the ceremonial proclamation of the German Empire (German Reich) having States of the German Empire, 25 member states and led by the Kingdom of Prussia of Hohenzollerns on 18 January 1871; the event was typically celebrated as the date of the German Empire's foundation, although the legally meaningful events relevant to the completion of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schwarzer Freitag Wien 1873
Schwarzer may refer to: * Trollinger, a German/Italian wine grape variety * St. Laurent (grape), a red wine grape variety Persons with the surname * Alice Schwarzer (born 1942), German feminist * Christian Schwarzer (born 1962), German handballer * Johann Schwarzer (1880–1914), Austrian photographer and film producer * Mark Schwarzer Mark Schwarzer ( , ; born 6 October 1972) is an Australian former professional football player who played as a Goalkeeper (association football), goalkeeper. He represented Australia men's national soccer team, Australia at international level ... (born 1972), Australian footballer * Mitchell Schwarzer, American architectural historian * William Schwarzer (1925–2017), American judge * Zbigniew Schwarzer, Polish rower See also * Schwarz (other) * Schwartz (other) {{disambiguation, surname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austria-Hungary
Austria-Hungary, also referred to as the Austro-Hungarian Empire, the Dual Monarchy or the Habsburg Monarchy, was a multi-national constitutional monarchy in Central Europe#Before World War I, Central Europe between 1867 and 1918. A military and diplomatic alliance, it consisted of two sovereign states with a single monarch who was titled both the Emperor of Austria and the King of Hungary. Austria-Hungary constituted the last phase in the constitutional evolution of the Habsburg monarchy: it was formed with the Austro-Hungarian Compromise of 1867 in the aftermath of the Austro-Prussian War, following wars of independence by Hungary in opposition to Habsburg rule. It was dissolved shortly after Dissolution of Austria-Hungary#Dissolution, Hungary terminated the union with Austria in 1918 at the end of World War 1. One of Europe's major powers, Austria-Hungary was geographically the second-largest country in Europe (after Russian Empire, Russia) and the third-most populous (afte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vienna
Vienna ( ; ; ) is the capital city, capital, List of largest cities in Austria, most populous city, and one of Federal states of Austria, nine federal states of Austria. It is Austria's primate city, with just over two million inhabitants. Its larger metropolitan area has a population of nearly 2.9 million, representing nearly one-third of the country's population. Vienna is the Culture of Austria, cultural, Economy of Austria, economic, and Politics of Austria, political center of the country, the List of cities in the European Union by population within city limits, fifth-largest city by population in the European Union, and the most-populous of the List of cities and towns on the river Danube, cities on the river Danube. The city lies on the eastern edge of the Vienna Woods (''Wienerwald''), the northeasternmost foothills of the Alps, that separate Vienna from the more western parts of Austria, at the transition to the Pannonian Basin. It sits on the Danube, and is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with a respective county. The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics, and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy. With an estimated population in 2024 of 8,478,072 distributed over , the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the nation's second-most populous city. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
