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| | Global Financial Crises: An Introduction |
 | | It may be a bad or good harvest, the widespread adoption of an invention such as canals or automobiles which promises grand returns, a political event such as an election or assasination, an anticipated change in monetary policy or a war. |
 | | The crises of 1713, 1763, 1783, 1816, 1857, 1864, 1873 and 1920 are associated with the end of wars. |
 | | Crises of 1720, 1772, 1825, 1873 and 1929 all happened seven to ten years after a war. |
| lfe.mit.edu /stacie/fin_cri-art.htm (7196 words) |
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