…board of aldermen. There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact. 1895: Much more historical fact on the…

…Chinese war indemnity of 1895, financed by Russia, was paid to Japan in sterling. The ascendancy of the dollar took a big step with the federal reserve act of 1913…

Robert’s post gets me wondering, as we enter the seventh year of the Great Recession (NBER also doesn’t treat either 1873-1897 or 1929-1945 as a single period) that there’s probably…

…has also experienced six periods of depression. The depressions began in 1819, 1837, 1857, 1873, 1893, and 1929. And I confirmed it (graphs): Every depression in U.S. history was preceded…

…I will call the current unpleasantness not “The Great Recession,” but rather “The Little Depression.” This still strikes me as optimism, but I’m stil on what do you call 1873-1896…

…in the same manner in which those rights apply as against the federal government. The language of the clause is clear; that is what the clause means. But in 1873,…

…that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the…

…gravitas, while his best-known disciple believes “deficits don’t matter.” *Yes, I could 1873-77 as a Depression in the United States. Looking at the evidence, it would be difficult not to….

…fundamentals were shaky….The crash came in Central Europe in May 1873, as it became clear that the region’s assumptions about continual economic growth were too optimistic. Europeans faced what they…

…uttered by President Ulysses S. Grant, the General who had saved the Union, in his second inaugural speech, 1873. There is no record of outrage from Washington insiders in response….