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:
“Beloved, may your sleep be sound
That have found it where you fed.
What were all the world’s alarms
To mighty Paris when he found
Sleep upon a golden bed
That first dawn in Helen’s arms?”
—William Butler Yeats (1865–1939)
“Russian forests crash down under the axe, billions of trees are dying, the habitations of animals and birds are layed waste, rivers grow shallow and dry up, marvelous landscapes are disappearing forever.... Man is endowed with creativity in order to multiply that which has been given him; he has not created, but destroyed. There are fewer and fewer forests, rivers are drying up, wildlife has become extinct, the climate is ruined, and the earth is becoming ever poorer and uglier.”
—Anton Pavlovich Chekhov (1860–1904)