Stand up for nonprofit news & help us reach our $150k stretch goal! GIVE NOW

How the Panic of 1837 predicted the Great Recession

Apr 26, 2017
Going into the Panic of 1837 the market was booming and credit was flowing from banks. Sound familiar?
“We haven't sorted out whether we want to be a country based primarily for the individual or for the society as a whole, and that really does stem back at least to the 19th century and probably even earlier than that,” said Philip Gura, author of the book, “Man’s Better Angels.”
Wikimedia Commons