A Brief History of Finance: Recent Episodes
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An exploration of crashes, manias, and other interesting stops along the brief history of finance. In studying these moments we can get a better understanding of where we are today. The past is prologue.
In part 1 of this multi-part series we will be discussing hyperinflation in post-WW1 Germany. This episode covers WW1, the gold standard and the punitive measures of the Treaty of Versailles.
Main Sources:
Ahamed, Liaquat Lords of Finance: The Banker's Who Broke The World
Fergusson, Adam When Money Dies
Taylor, Frederick The Downfall of Money: Germany's Hyperinflation and the Destruction of the Middle Class
Shirer, William The Rise and Fall of the Third Reich
Tulipmania and the story of the flower that bankrupted some and captivated an entire country.
Source material
Goldgar, Ann Tulipmania: Money Honor, and Knowledge in the Dutch Golden Age
Dash, Mike Tulipomania: The story of the world's most coveted flower
Mackay, Charles Extraordinary Popular Delusions and the Madness of Crowds