Economic History of Financial Crises

A picture of a poster titled 'The War of Wealth' showing people running into a bank to get their money back.

Poster of a bank run, by Strobridge and Lith Co., Cinncinnati, NY, 1895 (color lithograph). (Image courtesy of Library of Congress Prints and Photographs Division. [reproduction number: LC-USZC4-591 (color film copy transparency)].)


MIT Course Number


As Taught In

Fall 2009



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Course Description

Course Features

Course Description

This course gives a historical perspective on financial panics. Topics include the growth of the industrial world, the Great Depression and surrounding events, and more recent topics such as the first oil crisis, Japanese stagnation, and conditions following the financial crisis of 2008.

Related Content

Peter Temin. 14.71 Economic History of Financial Crises. Fall 2009. Massachusetts Institute of Technology: MIT OpenCourseWare, License: Creative Commons BY-NC-SA.

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