List of economic crises


This is a list of economic crises and depressions.

1st century

The result of the mass issuance of unsecured loans by main Roman banking houses.

3rd century

Coin exchange crisis of 692. Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system, which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull, and Justinian II was tortured by cutting off his nose in front of spectators at the hippodrome. Twenty Years' Anarchy begins.

14th century

1900s

2000s