Howard Greenstein's Website

Category: economy

  • The Financial Crisis of 1873

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    Howard
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    From Scott Reynolds Nelson, a professor of history at the College of William and Mary, comes a thought piece on the similarities of the current financial crisis and the 1873 worldwide banking crisis. The Real Great Depression – ChronicleReview.com As in 1873, a complex financial pyramid rested on a pinhead. Banks are hoarding cash. Banks…