I was looking around about panics before the Great Depression, mainly before the Federal Reserve. I’m getting ready to write a paper on this, and I need to explain how these were caused by the ABCT, which involves me to write more about the government involvement as well as the FRB, rather than just…

I know the 1893 depression was caused by the MASSIVE overexpansion of the railways, brought on by the land grants that were given out by the government.

Thanks for some of the help Giles. I took your advice and looked on the website, and didn’t really get anything on many panics (especially 1857 1873 and 1893/1907), and anything that was on it concentrated more on the “boom” aspect rather than the bust/recession. Some of the unemployment statistics …

Do you go to college? If so, see if you can find some history texts on the subject and glean out information any way you can. Rothbard mentions how Congress allowed banks to suspend specie payments throughout the 19th century, which no doubt was an incentive to expand credit. The Panic of 1857, for …

My guess is that for Austrians it is essentially that is the boom that is most interesting, especially in relation to the other schools. In the sense that AE explains the boom as the cause of the crisis and explains that the best way to deal with the misallocation of capital is to let the market pr…

Thanks for your information guys, but alas I’m off to a bad (and lugubrious) start. I tried typing in Panic of 1873 [or 1893] with Austrian [or Libertarian] in yahoo and didn’t get much useful things, the only things I got were actually attacks againist Libertarians because the panics were so bad. I…

Maybe you should email an Austrian school or some other libertarian economist/historian/philosopher? Personally, if I go through with college, I plan on focusing a lot on economic history and digging through historical records to more accurately explain all of these panics from an Austrian POV.

There’s an essay by Scott Trask on this site concerning 1837, you might want to check that out, I think he also covers a later depression but I forget the date, search his name in the site if you already haven’t. As a nobel prize winner I can imagine that he’d be fairly reliable. You should look a…

Found this, hopefully it helps… Facebook

Has anyone read any of these books? As I’ve been snoooping around I’ve seen these sources used. Encyclopedia of American Economic History- I’ll be really suprised if anyone has read it. So far I’ve seen Rothbard use it in his first essay of A history of money and banking. On Page 161 when talking a…

I can imagine that a library would most definately have the first two, and quite possibly the third. So you might want to check a local library, if even betten if you’re in university your university library will almost certainly have the first two. As for The Meltdown, why don’t you just email Prof…

Economic Panics of the 19th and early 20th century

Economics Economics Questions

CuriousGeorge March 12, 2009, 7:42am 10

Found this, hopefully it helps…

19th Century Booms and Busts in America

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Economic Panics of the 19th and early 20th century

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