💥 STOCK PANIC OF 1857

🔹 The Panic of 1857 was a financial crisis that swept the United States from 1857 to 1861, considered the first global crisis.

🔹 The United States had been booming for the previous decade. Vast resources, the gold rush attracted hundreds of thousands of prospectors. The telegraph radically changed business communication. Railroads changed logistics.

🔹 The financial downturn of 1857 began when panic swept Great Britain, one of the United States' main trading partners. Parliament refused to back money with gold and silver. Investors became alarmed and began dumping stocks.

🔹 After the bankruptcy of a large American grain and flour company in the summer of 1857, investors began selling stocks in New York. This was followed by a run on banks due to the bankruptcy of a large financial company. Then followed a dumping of all papers, especially railways. Many railways stopped.

🔹 Without railway communication, production began to decline, mainly cast iron and fabrics. In Great Britain, the main blow fell on shipbuilding. This crisis also affected Russia: cast iron smelting and cotton processing fell.

👉 The crisis led to the creation of the Confederacy and the Civil War between the North and the South in 1861-1865. Also see the war cycle.

⚠️ The stock market panic of 1857 brought the US financial markets to the bottom of the first super-cycle, which lasts 72 years. The astrological mark of the crisis was the hard aspect of Saturn and Jupiter, which hung over the markets in 1856 and "finished off" the markets in January-March 1857. The chart shows the crisis map of that time.

☝️ The market crash was expected according to the 7-year crisis cycle. The aspect of the end of the crisis came in October 1857, when the stock market began to turn around.

👉 Hard astrological aspects of Saturn and Jupiter have almost 100% correlation with the tops of the long-term cycles of the US stock market. Also see the crisis map 2024-2030.

🔹 Karl Marx was delighted, probably. The first volume of "Capital" was published 10 years later.

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