A Brief History of Panics and Their Periodical Occurrence in the United States

A Brief History of Panics and Their Periodical Occurrence in the United States, written by Clément Juglar in the late 19th century, analyzes recurring financial panics in the U.S. and their socio-economic causes. The book discusses factors such as overtrading and tariff changes that lead to economic crises, including the Panic of 1814. Translated and edited by DeCourcy W. Thom, it argues that financial panics are rational responses to market conditions. Juglar's systematic overview of past crises provides insights into economic cycles, emphasizing the importance of understanding these patterns for future crisis management.