Lombard Street

Lombard Street is a street in the City of London that has been historically associated with the financial industries of the area. Both the Royal Exchange and the insurance market Lloyd’s of London originated from financial activities on Lombard Street. The General Post Office was also headquartered on Lombard Street between 1678 and 1829. Related BRANCH article: Joshua Gooch, "On 'Black Friday,' 11 May 1866."

Coordinates

Latitude: 51.512212301330
Longitude: -0.086253583322

View on the COVE Master Map

Timeline of Events Associated with Lombard Street

Date Event Manage
24 Aug 1857

Start of 1857 financial crisis in the US

engraving of a run on the seamen's savings' bankOn 24 August 1857, the fall of the Ohio State Life and Trust Company in the United States marked the beginning of the 1857 financial crisis. Image: "Run on the Seamen's Savings' Bank during the Panic of 1857" by Unknown - w:Harper's Weekly available at Library of Congress. Licensed under Public Domain via Wikimedia Commons.

Articles

Lynn Shakinovsky, “The 1857 Financial Crisis and the Suspension of the 1844 Bank Act”

Related Articles

Crosby, Mark. “The Bank Restriction Act (1797) and Banknote Forgery”


Dick, Alexander J. “On the Financial Crisis, 1825-26″

Gooch, Joshua. “On ‘Black Friday,’ 11 May 1866″
27 Oct 1857

Start of the 1857 financial crisis in England

engraving of a run on the seamen's savings' bankOn 27 October 1857, the failure of the Liverpool Borough Bank marked the beginning of the 1857 financial crisis in England. Image: "Run on the Seamen's Savings' Bank during the Panic of 1857" by Unknown - w:Harper's Weekly available at Library of Congress. Licensed under Public Domain via Wikimedia Commons.

Articles

Lynn Shakinovsky, “The 1857 Financial Crisis and the Suspension of the 1844 Bank Act”

Related Articles

Crosby, Mark. “The Bank Restriction Act (1797) and Banknote Forgery”

Dick, Alexander J. “On the Financial Crisis, 1825-26″

Gooch, Joshua. “On ‘Black Friday,’ 11 May 1866″
24 Dec 1857

End of the 1857 financial crisis in England

engraving of a run on the seamen's savings' bank24 December 1857 was regarded as the official end of the 1857 financial crisis, with the reduction of the Bank Rate from 10% to 8%. Image: "Run on the Seamen's Savings' Bank during the Panic of 1857" by Unknown - w:Harper's Weekly available at Library of Congress. Licensed under Public Domain via Wikimedia Commons.

Articles

Lynn Shakinovsky, “The 1857 Financial Crisis and the Suspension of the 1844 Bank Act”

Related Articles

Crosby, Mark. “The Bank Restriction Act (1797) and Banknote Forgery”

Dick, Alexander J. “On the Financial Crisis, 1825-26″

Gooch, Joshua. “On ‘Black Friday,’ 11 May 1866″
11 May 1866

Black Friday

The Collapse of the City of London's oldest bill-brokerage firm and discount company, Overend, Gurney, and Company initiates the financial panic of 1866, marking a change in perception of the banking industry and stimulating new economic theories during the 1860s.

Articles

Joshua Gooch, "On 'Black Friday,' 11 May 1866"
Sep 1873

Financial panic of 1873 begins

Jay CookeSeptember 1873 saw the beginning of the "panic of 1873," a financial crisis brought on in part by speculation in railroads. The crisis included the fall of American banking house Jay Cook & Company, which was precipitated by the failure of Northern Pacific Railway shares. The panic triggered a depression in Europe and North America that lasted from 1873 until 1879. Image: Portrait, Jay Cooke, founder of Jay Cooke & Company. This image is in the public domain in the United States as its copyright has expired.

Related Articles

Joshua Gooch, “On ‘Black Friday,’ 11 May 1866″

Deborah Denenholz Morse, “The Way He Thought Then: Modernity and the Retreat of the Public Liberal in Anthony Trollope’s The Way We Live Now, 1873”