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:
“I fasted for some forty days on bread and buttermilk
For passing round the bottle with girls in rags or silk,
In country shawl or Paris cloak, had put my wits astray,
And what’s the good of women for all that they can say
Is fol de rol de rolly O.”
—William Butler Yeats (1865–1939)
“O ship
white-sailed of Crete,
you brought my mistress
from her quiet palace
through breaker and crash of surf
to love-rite of unhappiness!”
—Hilda Doolittle (1886–1961)