The United States has experienced more financial panics in the last two hundred years than almost every other country in the world. . . . About 20,000 banks have failed in the United States in the last two hundred years.
From the introduction to 200 Years of American Financial Panics: Crashes, Recessions, Depressions and the technology that will change it all. Written by Thomas P. Vartanian who was general counsel FOR the Federal Savings and Loan Insurance Corporation (FSLIC) during the Savings and Loan Crisis in the 80's.