1873 The First Great Depression and the Making of the Modern World

“1873: The First Great Depression and the Making of the Modern World” examines the financial crash of 1873 and the long depression that followed, showing how it reshaped global capitalism, geopolitics, and everyday life. It connects banking panics, gold and credit, and political upheaval across Europe and the United States to explain how this crisis forged many of the institutions and ideas that still govern our modern economy.