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The Panic of 1857 was a sudden downturn in the economy of the United States that occurred in 1857. A general recession first emerged late in 1856, but the successive failure of banks and businesses that characterized the panic began in mid-1857. While the overall economic downturn was brief, the recovery was unequal, and the lasting impact was more political than economic. The panic began with a loss of confidence in an Ohio bank, but spread as railroads failed, and fears that the US Federal Government would be unable to pay obligations in specie mounted. More than 5,000 American businesses failed within a year, and unemployment was accompanied by protest meetings in urban areas. From its peak in 1852, to its trough in 1857, the stock market declined by 66 per cent compared with inflation.  Eventually the panic and depression spread to Europe, South America and the Far East. No recovery was evident in the northern parts of the United States for a year and a half, and the full impact did not dissipate until the American Civil War.
The panic may have deepened if not for the intervention of financier J. P. Morgan, who pledged large sums of his own money, and convinced other New York bankers to do the same, to shore up the banking system. At the time, the United States did not have a central bank to inject liquidity back into the market. By November the financial contagion had largely ended, yet a further crisis emerged when a large brokerage firm borrowed heavily using the stock of Tennessee Coal, Iron and Railroad Company (TC&I) as collateral. Collapse of TC&I's stock price was averted by an emergency takeover approved by anti-monopolist president Theodore Roosevelt. The following year, Senator Nelson W. Aldrich established and chaired a commission to investigate the crisis and propose future solutions, leading to the creation of the Federal Reserve System.
The original purpose of this number was to track individuals' accounts within the Social Security program. It has since come to be used as an identifier for individuals within the United States, although rare errors occur where duplicates do exist. Employee, patient, student, and credit records are sometimes indexed by Social Security number. The U.S. Armed Forces has used the Social Security number as an identification number for the Army and Air Force since July 1, 1969, the Navy and Marine Corps since January 1, 1972, and the Coast Guard since October 1, 1974.
Originally posted by finemanm
I think that many of you are already aware of this pattern, but I wanted to put out a theory and see what you all think.