The Paris Bourse crash of 1882 was a stock market crash in France, and was the worst crisis in the French economy in the nineteenth century. The crash was triggered by the collapse of l'Union Générale in January. Around a quarter of the brokers on the bourse were on the brink of collapse. The closure of the exchange was prevented by a loan from the Banque de France which enabled sufficient liquidity to support settlement.
Famous quotes containing the words paris and/or crash:
“Eclecticism is the degree zero of contemporary general culture: one listens to reggae, watches a western, eats McDonald’s food for lunch and local cuisine for dinner, wears Paris perfume in Tokyo and “retro” clothes in Hong Kong; knowledge is a matter for TV games. It is easy to find a public for eclectic works.”
—Jean François Lyotard (b. 1924)
“Crash on crash of the sea,
straining to wreck men, sea-boards, continents,
raging against the world, furious.”
—Hilda Doolittle (1886–1961)