Review: "1873" by Liaquat Ahamed — A Financial History of the First Great Depression and Its Modern Parallels
By
Radical Grammar
Sesame, salt, and substance. A flagship bake.
Summary
A review of Liaquat Ahamed's new book "1873," which examines the rise and fall of the first era of globalization in the 19th century, focusing on the economic collapse of 1873 and its parallels to modern financial crises. The book centers on the Rothschild family and how an unprecedented mid-century boom gave way to a global financial crisis that reshaped the modern world.
Key quotes
· 3 pulledThe Rothschilds, the First Great Depression, and the Making of the Modern World
The new book by financial historian Liaquat Ahamed charts the rise and cataclysmic fall of the world's first true era of globalization
focusing on a forgotten nineteenth-century economic collapse with profound modern parallels
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