The effects of the Recession of 1890 were particularly severe in Argentina. Without Bread or Work by Ernesto de la Cárcova.
The Baring crisis[1] or the Panic of 1890 was an acute recession. Although less serious than other panics of the era, it is the nineteenth century’s most famous sovereign debt crisis,[2] and the 17th largest decline in U.S. stock market history.[3]