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Difino
| • | This is a list of notable recessions, depressions and downturns. All dates are approximate as the recessions began and ended in different parts of the world at different times. Also note that before detailed economic statistics began to be gathered in the nineteenth century it was very difficult to tell when recessions occurred, but prior to industrialization economic downturns usually coincided with problems in agriculture.
·Panic of 1837 - 1837 to 1843, a sharp downturn in the American economy caused by bank failures and lack of confidence in the paper currency
Source: [wikipedia: list of recessions]
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