Common-Place on Hard Times
Americans' fascination with making their dollars grow through paper speculating, and their fortunes and failures resulting from it, has been a subject of scholarly interest for a long time. Historians have chronicled credit and investment schemes beginning in the late-colonial years and continuing in every era of American history. In the two hundred years between the Revolution and the 1980s, over a dozen episodes of overextended credit or speculative frenzies grew into full-fledged financial panics, some followed by years of depression.
The richly illustrated issue includes:
The Best of Times and the Worst of Times
A Drunkard's Story
Edward E. Baptist
Toxic Debt, Liar Loans, and Securitized Human Beings
Hard Facts for Hard Times
A Game of Claims and Expectations
When Banks Fail
Pictures of Panic
[An essay on "Bubbles, Panics, & Crashes: A Century of Financial Crises," Baker Library Historical Collections, HBS]
Sharon Ann Murphy
"Doomed … to eat the bread of dependency"?
Images of Want