Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 exam•Written by the Fiveable Content Team • Last updated August 2025
Definition
Periods of economic crisis and instability characterized by sudden loss of confidence in financial institutions and markets, occurring during the industrial period.
AP course connection
Topic 6.14: 6.14 Continuity and Change in Period 6