this post was submitted on 18 Sep 2023
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History

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How One Robber Baron's Gamble on Railroads Brought Down His Bank and Plunged the U.S. Into the First Great Depression (www.smithsonianmag.com)
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In 1873, greed, speculation and overinvestment in railroads sparked a financial crisis that sank the U.S. into more than five years of misery

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[–] NocturnalMorning 2 points 1 year ago

Interesting read, thanks for posting.