In the panic of 1893 , holders of American silver certificates ( the paper money of the time ) suddenly panicked that gold was going to become more valuable relative to silver . David Stern : Americans have a big stake in the outcome of the euro crisis . He believes it could lead to a serious recession in 2012 . Europe is America 's largest trading partner and biggest investor in the U.S. Frum : America will push for resolution of the crisis and provide money if needed .
David Stern : Americans have a big stake in the outcome of the euro crisis . He believes it could lead to a serious recession in 2012 . Europe is America 's largest trading partner and biggest investor in the U.S. Frum : America will push for resolution of the crisis and provide money if needed .