[eng] Abstract SFAC, today Euler-Hermes, had become the leader of credit-insurance. Founded in 1927 because businessmen felt the need to cover commercial risks within the country and abroad, the company benefitted with a spectacular upsurge up to 1931, owing to the help of Swiss insurance firms...

[eng] Abstract The present slump prompts the historian and the economist to look for references, in order that they promote the undestanding of long-terme depressive trends. The difficulty itself encountered in the precise datation of the slump of the end of the 19th century shows the necessity...