Long before the dot-com boom or the 2008 financial crisis, the global economy experienced a massive theoretical bubble that ordinary, middle-class citizens fueled with borrowed money. In the early 1870s, a frenzy of investments in European stock markets and American railroad bonds set the stage for a dramatic crash that would reshape the modern world.
On this episode of Mountain Money, Roger Goldman and Kevin Kennedy sit down with Pulitzer Prize-winning author Liaquat Ahamed to discuss his latest book, "1873: The Rothschilds, the First Great Depression, and the Making of the Modern World." Ahamed explores why financial crises accelerate history and uses the legendary Rothschild banking family as a launchpad to understanding the first global economic depression.
