Out Takes: The financial history of financial panics
You’ve probably heard our recession compared to the financial crisis of the 1930s. But in today’s out take, we’re talking to Scott Nelson, a professor of History at the College of William and Mary in Williamsburg, Virginia, who is researching the history of financial panics. He says that our current crisis has more in common with the so-called ?Long Depression? that began in 1873, than the ?Great Depression? of the 1930s. Since we’ve never heard of the ?Long Depression? we asked Mr. Nelson to explain.
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.