Abstract

The Origin of The Trouble
November 20, 1890 issue

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The article reports on the financial crises of Great Britain. The speculation of the period began with Mexican and South American mines, but they soon ran into the wider field of Government loans. The London Statist has kept close watch of the Argentine speculations, and has repeatedly raised the cry of warning, and has as often been censured by the great houses that were promoting them. Of course such a situation could not last. Interest could not be paid except by further borrowing, and there must come an end to borrowing some time.

See Also:

FINANCIAL crises -- Great Britain; SECURITIES markets; LOANS; GOVERNMENT policy; ECONOMIC history; GREAT Britain
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