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Chicago Panic of 1896

Another Banking Crisis: Chicago's Panic of 1896

Robert Loerzel | Posted 05.25.2011 | Chicago
Robert Loerzel

Throughout the 1800s, when the government barely regulated the financial markets at all, speculative bubbles and piles of bad loans caused several panics. History repeats itself. Here's the story of one panic--a series of bank collapses that hit Chicago in 1896.