24 December 1857 was regarded as the official end of the 1857 financial crisis, with the reduction of the Bank Rate from 10% to 8%. Image: "Run on the Seamen's Savings' Bank during the Panic of 1857" by Unknown - w:Harper's Weekly available at Library of Congress. Licensed under Public Domain via Wikimedia Commons.
Articles
Lynn Shakinovsky, “The 1857 Financial Crisis and the Suspension of the 1844 Bank Act”
Related Articles
Crosby, Mark. “The Bank Restriction Act (1797) and Banknote Forgery”
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24 Dec 1857
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