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On this day: Britain’s first banking crisis | Collector
On this day: Britain’s first banking crisis
City A.M

On this day: Britain’s first banking crisis

On 8 June 1772 Alexander Fordyce, a partner at Neale, James, Fordyce and Down absconded to France to escape crippling debts caused by a sharp rise in shares in the East India Company, writes Eliot Wilson As 1772 opened, Alexander Fordyce seemed like a wealthy and successful man. He was 42 years old, a partner [...]

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