1873 Quotes

“In North America”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“In fact”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“The irony”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“By far the most articulate witness to come before the congressional committee was White. The essence of his testimony was best captured by an article he had written a few years before for The Fortnightly Review. In the piece”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“In the years after 1879”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“So even though the collective growth rate of the four largest economies in the world—those of Britain”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“In the two decades after 1880”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“The driving force that had precipitated the initial collapse in prices in 1873—the simultaneous move by almost all Western countries to abandon silver and rely solely on gold as the foundation for money—continued to hang over the global economy. After the surge in gold production following the Californian and Australian finds of the early 1850s”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“In 1881 alone”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“In the early hours of March 2”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“Though Tilden had secured more votes than Hayes in the three Southern states”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“The new antisemitism that swept across Germany during the 1870s was largely a war of words”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“Skeptics of the railroad boom such as The Nation magazine had since the fall of 1872 begun pointing to the poor profitability of the industry—the $3 billion investment in the railroads was barely earning a return of 5 percent at a time when companies were having to pay 10 percent for capital—a sure symptom of overbuilding. Of the more than 350 railroads in the country whose accounts it could analyze”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“A journalist”
― Liaquat Ahamed, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World

“The moment signaled the realization of the first transcontinental railroad across the United States”
― Liaquat Ahamed, 1873: The First Great Depression and the Making of the Modern World