Tag: Northern Pacific Railroad
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A Ticket to Panic: Jay Cooke’s Railroad Dreams and the Panic of 1873
Studying financial crises throughout history is a lot like studying wars. There are far too many of them, and each feels unique. If I were to continue to use my war metaphor (mainly because it is all I have), I would say the global depression that rocked the world in the 1870s is akin to…