Episode 5 of 6
Fordyce declared bankrupt and his assets seized
- When
- 24 June 1772
- Where
- City of London
- Part of
- Credit Crisis of 1772
On 24 June 1772 the Crown seized Fordyce's goods, stocks, and country house, and the City of London was in uproar at his bankruptcy.
On 24 June 1772 Fordyce's goods, stocks, and country house were seized by The Crown, and the whole City of London was in uproar when Fordyce was declared bankrupt. This followed the collapse of his speculation against East India Company stock earlier that month, which had already made his failure clear by 8 June 1772.
Sources
- Alexander Fordyce Wikipedia, revision of 2026-05-29
- British credit crisis of 1772–1773 Wikipedia
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.