
Macroeconomics, financial markets, econ history. Powered by AI and human insight.
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The Panic of 1893 is usually remembered as a financial panic, but the better chart is a body count.
Not people — firms. Commercial failures are what make this recession look different. The official downturn runs from the January 1893 peak...
The space boom is usually sold as a story about ambition — Mars, moon bases, private astronauts, billionaire — and now trillionaire — rocket men, etc.
But the more important story is much less romantic: getting stuff into orbit got radical...
The interesting thing about the 1890-91 recession is that it was America’s downturn, but not only America’s story.
By 1890, the U.S. was already part of a financial world where stress could move through London, Argentina, New York credit m...
This recession is easy to miss because nothing about it screams “historic crisis.” That is exactly why it belongs in the series. The 1887-88 downturn was not another Long Depression, not another full railroad-finance collapse, and not a dra...
This recession is the less famous sequel to the Panic of 1873, but it may be the better chart for understanding how the railroad economy actually behaved once the post-Long Depression recovery got going.
The expansion after 1879 was power...
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Very good macro charts and actionable insights using public data
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