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Periodical Index Detail

Colonial Williamsburg Journal

Title The Credit Crunch of 1772 ; The sucker that did go down
Issue Volume 37 Number 01, (CWJ, Winter 2015)
Description The London financial panic of 1772, triggered by the failure of the bank of Neale, James, Fordyce and Down and the subsequent collapse of the Scots banking system, caused a credit crisis in colonial, debt-ridden America. The inability of southern colonial planters to repay debt or to pay taxes imposed by the British Parliament proved an additional issue in the run-up to the American Revolution.
Author Gardner, Andrew
Pages 52-59