It was the first global crash in history. And it was to have calamitous consequences. He describes how the growth of the international bond market in the 1850s and 60s funded a frenzy of speculation in railways, construction and nation-building.
1873, Liaquat Ahamed
It was the first global crash in history. And it was to have calamitous consequences. He describes how the growth of the international bond market in the 1850s and 60s funded a frenzy of speculation in railways, construction and nation-building.