Economic History

Discover how 18th-century economist John Law's revolutionary but flawed ideas on paper currency led to economic instability and collapse.

Discover John Law's 18th-century financial reforms that merged elements of public banking and monopoly trading companies, shaping the economic landscape of France.

The emergence of joint-stock companies and stock markets revolutionized corporate finance in 17th century Europe by allowing for risk sharing and investment on a large scale.

Discover the rise and fall of John Law, a Scottish economist who transformed France's economy with paper money, but ultimately led to catastrophic economic collapse.

An in-depth analysis of global stock market trends and their underlying drivers over centuries.

A historical analysis of the Dow 36,000 thesis by economists James K. Glassman and Kevin A. Hassett, examining market trends, investor behavior, and economic fundamentals.

Explore Argentina's history with sovereign debt and default through its struggles with bond market dynamics from the late 19th century to the early 21st century.

Explore Argentina's complex economic history marked by recurring episodes of inflation, currency devaluation, and stagnation from 1950s-1990s through the lens of key policies, leaders, and global pressures.

Explore the causes, effects, and lasting impact of Germany's hyperinflation on society during 1923.

Discover how World War I governments used war bonds and central banks to finance their activities, with a focus on Germany's unique experiences and consequences.

Exploring the bond market's vulnerability in 19th-century London, where debt financing and wealth concentration led to widespread poverty and inequality.

Explore the pivotal role of the cotton trade in the American Civil War, where the South's attempt to control it led to their economic downfall.

The Cotton Famine was a critical moment in British history where the Confederate's cotton embargo severely impacted the British textile industry, leading to widespread unemployment and poverty.

The financial struggles of the Confederacy led to its defeat, emphasizing the crucial role of money in the American Civil War.

Explore the rise of the Rothschild family to dominance in international finance after the Napoleonic Wars, a complex phenomenon shrouded in myth and speculation.

Explore how Italian city-states developed complex systems of public debt to finance wars, economic growth, and state activities in the late medieval period.

Discover how government bond markets emerged during the Italian Renaissance to finance war, transforming the art of war and modern finance.

Explore the history of modern finance, from the gold standard to globalization, and understand its complex impact on global economic stability.

Explore how the late 19th and early 20th centuries saw a shift towards central banking and deposit concentration in most advanced economies.

Explore how savings banks transformed finance in Britain and Germany by increasing deposits, assets, and access to credit for working-class households.