The Real Great Depression - 1873 similarities
Interesting read................
The depression of 1929 is the wrong model for the current economic crisis
By SCOTT REYNOLDS NELSON
As a historian who works on the 19th century, I have been reading my newspaper with a considerable sense of dread. While many commentators on the recent mortgage and banking crisis have drawn parallels to the Great Depression of 1929, that comparison is not particularly apt. Two years ago, I began research on the Panic of 1873, an event of some interest to my colleagues in American business and labor history but probably unknown to everyone else.
Read on............................................
http://chronicle.com/temp/reprint.ph...h07p4hy9z83x18