1873: the first Great Depression

The Vienna crash, the Panic of 1873 and the Long Depression, following Ahamed’s framing of how it made the modern world.

4 lessons planned · none written yet

  1. 1Vienna, May 1873Not written yetThe bubble and the crash.
  2. 2Jay Cooke and the American panicNot written yetRailroad bonds and a run on the banks.
  3. 3The Long DepressionNot written yetDeflation and two decades of hard times.
  4. 4ConsequencesNot written yetProtectionism, populism, empire and the turn against liberalism.