Book Excerpt! Transatlantic Speculations: Globalization and the Panics of 1873 (chapter 2)

Bringing economic history and cultural history into the same frame, Davies makes a compelling case for the wider significance of the panics of 1873 in the development of a global consciousness of finance.

~Peter Knight, University of Manchester

Read an excerpt from the second chapter of Transatlantic Speculations: Globalization and the Panics of 1873, by Hannah Catherine Davies. In this work, Davies offers a new lens on nineteenth-century globalization by exploring the ways in which the crises of 1873 challenged notions of economic and moral order. She maps the dual “transatlantic speculations”: the financial speculation that led to these panics as well as the interpretative speculations that sprouted in their wake.

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