Which chain of causes most convincingly connects the credit boom to losses experienced by workers and households?

The hardship that followed should not disappear behind one panic date. A useful documentary should distinguish the panic itself from the economic hard...

Historians continue to debate the relative weight of particular policy decisions and overseas monetary conditions. Historians still argue about which ...

Land speculation, banking structures, policy shifts and international conditions interacted in the collapse of confidence. Land, banks and overseas fi...

What kind of accountability makes a national bank legitimate?

Opposition to an institution's power does not automatically provide a workable substitute for its financial functions. Destroying a powerful bank...

The story is often told through personalities, but consequences also depended on state banking and fiscal arrangements. Personality makes the story me...

The fight over privilege and democracy had real monetary consequences. Debate centered on federal authority, credit, privilege and the relationship be...

Can a new political regime reasonably reject obligations incurred by a government it has overthrown?

A legal claim can remain disputed for decades without guaranteeing practical recovery for investors. A legal claim and a collectible claim are not the...

This is an extreme reminder that bonds depend on institutions surviving. Bond values depended on more than interest rates; the survival of the borrowi...

Foreign holders faced losses and legal uncertainty as political recognition and debt settlement became entangled. For foreign bondholders, political l...