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:
“There is but one Paris and however hard living may be here, and if it became worse and harder even—the French air clears up the brain and does good—a world of good.”
—Vincent Van Gogh (1853–1890)
“You crash over the trees,
you crack the live branch.”
—Hilda Doolittle (1886–1961)