Saturday, May 22, 2010
I was not aware of this, but it makes interesting reading
Wikipedia: Long Depression
It was most notable in Western Europe and North America, at least in part because reliable data from the period is most readily available in those parts of the world. The United Kingdom is often considered to have been the hardest hit; during this period it lost some of its large industrial lead over the economies of Continental Europe.[2] While it was occurring, the view was prominent that the economy of the United Kingdom had been in continuous depression from 1873 to as late as 1896
Posted by mark @ 10:55 AM (802 views) Add Comment
2 Comments
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1. taffee said...
good article....what it shows is that throughout history,life has often been a trial and a difficult one at that....over the last few decades we have assumed we deserve a great life ...stress free...I think we are about to find out this is not the case
2. mark wadsworth said...
Ten years ago we had a dot.com bubble, when that burst we had a house price bubble and credit bubble instead; right about now, they are desperately trying to deal with the fall out from both.
That late 19th century depression started with a railway price bubble...
Same old, same old.