Credit Crisis of 1772 when Pluto in Capricorn

Pluto in Capricorn 1762 - 1778

We can look to history to learn about these cycles and the last time Pluto was in Capricorn was from 1762 to 1778.  It is not to say the same thing will happen today, but it is safe to say that Coronavirus has brought tremendous financial pressure with the closure of all non essential businesses, loss of income, inability to pay rent and enormous loss in the value of shares and superannuation. 

Credit Crisis of 1772

The credit crisis was a peacetime financial crisis which originated in London and then spread to other parts of Europe.  Economic growth at that period was highly dependent on the use of credit, which was largely based upon people’s confidence in the banks.  As confidence started ebbing, paralysis of the credit system followed: crowds of people gathered at the banks and requested debt repayment in cash or attempted to withdraw their deposits. Twenty important banking houses went bankrupt

From the mid-1760s to the early 1770s, the credit boom, supported by merchants and bankers, facilitated the expansion of manufacturing, mining and internal improvements in both Britain and the thirteen colonies.   The period was marked with a tremendous growth in exports from Britain to the American colonies.   Problems, however, lay behind the credit boom and the prosperity of both British and colonial economies with speculation and the establishment of dubious financial institutions.

In the 1772 Credit Crisis, when Pluto was last in Capricorn, it is in a grand Trine with Neptune and Saturn in Aquarius and Uranus and Mercury in Taurus. 

It is interesting to explore the influence of Uranus,  Neptune and Saturn on Pluto in this current situation.