7 Surprising Bankruptcies Straight From Our History Books (Bankruptcy in the 1600s? Who Knew?!)

If we counted all the wrinkles, frown lines, and grey hairs of everyone in the world that resulted from money woes…we could probably start a whole new currency.  If money is the root of all evil, then it’s also the branch of most stress, because financial troubles are far-reaching; so far-reaching that bankruptcy dates back as far as the 1600s!  Toni Braxton, MC Hammer, and Betsey Johnson may have all made headlines with their bankruptcies from the 90′s til now, BUT we’ve found some legendary musicians, artists, and entrepreneurs who you won’t believe filed for bankruptcy back in their day.

Check out 7 shocking bankruptcies straight out of our history books.

 

Wolfgang Amadeus Mozart

 

Mozart ran out of money in his early thirties and died at the age of 35 with a vast amount of debt.  He had to be buried in an unmarked grave.

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  1. says:

    when writing about Ms. Dorthy Danridge you she include the whole truth why she went broke she was married to a loser who owned a club and spent most of her money, she also had an handicap daughter by Harold Nichole who didnt help provide for his daughter… dont mislead ppl

  2. says:

    wow!  the only one i knew about was dororthy dandridge….her life was so sad.

  3. says:

    Who ever wrote this article is an idiot, How can you not know that bankruptcy began in the Roman empire.

  4. says:

    The United States government went bankrupt in 1933! Hello!! number 1!!

    • says:

      The United States government CANNOT go bankrupt – they cannot legally sell their assets (things like property and agreements) to pay their debts!! A countries wealth WAS based on its gold reserves – but Nixon took us off the “gold standard” and put us on the “credit standard” – which means it is NOT POSSIBLE to go bankrupt – only deeper in debt – and the United States controls the amount of this debt by vote of congress – which today is allowed to be about $5 TRILLION for a single budget year (September 1 thru August 31)!!! How much does it cost to pay back a $TRILLION? One $Billion$ EVERY DAY – for about 2.5 years!!!!! And while we are on the subject – Social Security WILL FAIL – in about 2016 – (this is a fact – not enough people working – to cover the people collecting – due to “baby boomers”!! AND NO – there is no huge stack of cash in a bank – that is illegal – the US government CANNOT show a profit at years end – it MUST balance to zero or below EVERY YEAR!!!!!!) but it is OK – we will borrow $14.5 trillion (YES – TRillion) from China to cover the losses!!!! And this should end all wars!!!!! Would YOU attack someone that owed YOU $14.5 trillion?? Hard to say – war is a VERY profitable business – and America and China BOTH know this!!!! Thank you John Lennon – “Merry Christmas – War is Over!”

    • says:

      The United States government CANNOT go bankrupt – they cannot legally
      sell their assets (things like property and agreements) to pay their
      debts!! A countries wealth WAS based on its gold reserves – but Nixon
      took us off the “gold standard” in 1970 and put us on the “credit standard” –
      which means it is NOT POSSIBLE to go bankrupt – only deeper in debt –
      and the United States controls the amount of this debt by vote of
      congress – which today is allowed to be about $2 TRILLION for a single
      budget year (September 1 thru August 31)!!! How much does it cost to
      pay back a $TRILLION? One $Billion$ EVERY DAY – for about 2.5
      years!!!!! And while we are on the subject – Social Security WILL FAIL -
      in 2016 – this is a fact – not enough people working – to cover
      the people collecting – due to “baby boomers”!! AND NO – there is no
      huge stack of cash in a bank – that is illegal – the US government
      CANNOT show a profit at years end – it MUST balance to zero or below
      EVERY YEAR!!!!!! But this is OK – we will borrow $14.5 trillion (YES –
      TRillion) from China to cover the losses (Bush figured this out and made the agreements with China!!!!) And this should end all
      wars!!!!! Would YOU attack someone that owed YOU $14.5 trillion?? Hard
      to say – war is a VERY profitable business – and America and China BOTH
      know this!!!! Thank you John Lennon – “Merry Christmas – War is Over!”

  5. says:

    Ahem, it is NOT money is the root of all evil, but “the love of money is the root of all evil”. If you are going to use quotations, please get them correct.

  6. says:

    Actually Tameika money is not the root of all evil. It is the LOVE of money that is the root of all evil.

  7. says:

    Rembrandt was caught in the big Tulip market crash also. That was a key to his bankruptcy.
    In the Tulip Bubble, (wiki) “”in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman.””
    No one for a while had any spare money, like in ’29. So Art was cheap, and antiques also there is no market. Or the Housing crash of a couple of years ago.
    When one lives high in boom times, a market crash depression can make you as bankrupt as Jack Dempsey. Gene Tunney managed to keep most of his money, as a bank teller having more sense with money.

  8. says:

    wow even abraham lincoln was not spared

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