A Brief History of Panics and Their Periodical Occurrence in the United States

"A Brief History of Panics and Their Periodical Occurrence in the United States" by Clément Juglar is a historical analysis explaining the repetitive nature of financial crises in America, concentrating on their origins and how they impacted the nation's financial health. The book explores factors such as excessive trading and changes in tariff regulations as major contributors to financial downturns. An introduction outlines the book's purpose, while the translator, DeCourcy W. Thom, emphasizes the continued importance of this study based on the idea that market conditions drive panics, not just fear. The account systematically reviews past financial crises, such as the Panic of 1814, underscoring the critical function of banking practices. It suggests that knowing economic cycles of prosperity, panic, and recovery can allow for a better ability to foresee and control future economic troubles.