Summary of Liaquat Ahamed's 1873

Get the Summary of Liaquat Ahamed's 1873 in 20 minutes. The year 1873 marked the onset of the world's first truly international financial crisis, a profound upheaval with far-reaching consequences that reshaped the global landscape. The financial boom of the 1850s and 1860s fueled unprecedented borrowing, rapid railroad expansion, and the growth of international bond markets. When speculative bubbles burst in the early 1870s, financial panic spread across continents, while misguided changes to the global monetary system deepened the resulting downturn and prolonged deflation. In 1873 (2026), Pulitzer Prize-winning author Liaquat Ahamed examines how the crisis reshaped economies, politics, and societies, contributing to the decline of Reconstruction in the United States, the weakening of the Ottoman Empire, and Britain’s takeover of Egypt. At the center of world finance stood the powerful Rothschild banking family. Ahamed details not only the key role they played but how they managed to survive the crisis, even while becoming targets of antisemitic hostility.

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E-bog: 25. september 2026