In his keynote speech of Session II ‘Austro-US Economic History – The memory of Financial Crisis’, Youssef Cassis underlined the importance of studying how financial crises are remembered, how their memory changes over time, and why some financial crises are forgotten, paying particular attention to the constant reference to the Great Depression during the Global Financial Crisis of 2008-2009, the total neglect of other financial shocks, especially the international debt crisis of 1982, and what lessons can be drawn from the memory and history of such events.