The Investment Lessons Learned from 1873
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Long before the Great Depression or the 2008 financial crisis, the world experienced its first truly global financial crash. In his new book, '1873: The Rothschilds, the First Great Depression, and the Making of the Modern World,' Pulitzer Prize–winning author Liaquat Ahamed explores how a booming global bond market, railroad speculation, and massive capital flows fueled extraordinary growth before the bubble burst. The powerful Rothschild banking dynasty was central to this story.
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