Panic of 1792, 2-Week Collapse
Surge in bank scrip prices, plunge in government bonds, and subsequent bankruptcies
Scrip Price July 4 → July 15$25 → $45
Scrip Price → August 6 (Peak based on Hamilton's letter)Peak $280
6% Government Bond Price Peak on March 5, 1792129
6% Government Bond Price March 8, sharp drop in 4 days116
Scale of William Duer's Default March 9About $500,000
Decline in Pennsylvania Land PricesAbout -67%