The World on Credit: 1772, the First Credit Panic

Gold is finite. Credit is belief. Panic is contagious.

In 1772, London’s new paper-credit engine begins to crack. A celebrated banker’s wager collapses, trust breaks overnight, and respectable citizens flood the banking halls demanding coin. What starts as one firm’s failure becomes a chain reaction: payments delay, credit lines tighten, and trade freezes at the speed of rumor.

The World on Credit: 1772 — The First Credit Panic tells the first modern financial meltdown as a cinematic, character-driven narrative. Through clerks, merchants, and power brokers, the story shows how credit really works—how promises move faster than gold, how fear spreads across institutions, and how behind closed doors, influential hands try to “contain” the crisis by controlling the story the public will accept.

This is the opening volume of Xenoloop’s global crisis universe—built on real historical events and mechanisms, and shaped into an accessible, fast-moving thriller.

You will read this book if you enjoy:

• narrative history with thriller pacing

• financial crises explained through people and decisions (not dense theory)

• 18th-century London, banking, trade, and the birth of modern credit

• stories about power: who gets rescued, who gets blamed, and who pays the cost

Series: The World on Credit
Volume: 1772, The First Credit Panic
By: Xenoloop Editorial Collective
Publisher: Xenoloop Publishing House