Boom & Bust
The following audio clip is excerpted from the BackStory episode “Panic!: A History of Financial Crisis.” You can listen to the entire episode here. Economic historian Michael Bernstein explains the difference between the Great Depression and the myriad financial panics of the 19th century, as well as the amnesia that ignores the realities of the [...]
Panic!: A History of Financial Crisis
Deregulation…Crash…Recession…Bailout. Sound familiar? Probably. Sound modern? It shouldn’t. So how have we responded to financial crises in the past? And why do people think we’ll ever break free from this cycle? What would you like to know about the history of market crashes?
