Originally delivered as a paper to the Manchester Statistical Society, this analysis of the causes and consequences of the 1857 economic crisis provides important insights into the challenges facing mid-19th century capitalism. Includes a detailed appendix listing over 260 English failures in 1857-8. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.