The nation's first financial crisis
Time: Mar, 1792
Place: U.S.
Details: The nation's first financial crisis occurred in March 1792. Hamilton's Federalists exploited large loans to gain control of U.S. debt securities, causing a run on the national bank; the markets returned to normal by mid-April. Jefferson believed Hamilton was part of the scheme, in spite of Hamilton's efforts to ameliorate, and Washington again found himself in the middle of a feud.
‹ Earlier in historyRevolutionary France was at war with various parts of the Empire1792 Later in history ›The Italian campaigns of the French Revolutionary WarsFriday Apr 20, 1792
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