Segment from Panic!

Boom & Bust

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 business cycle.

00:00:00 / 00:00:00

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Related Links

Learn more about panics and depressions before 1929.
Experience déjà vu all over again with Scott Nelson’s description of the 1873 Panic.
Read the proto-fundamentalist sermons of Dwight Moody.
Browse a collection of current articles about the history of panics.
Find out about the origins of our abstract economic system.

Glorious Riches

Historian Scott Nelson outlines the eerie similarities between 1873 and 2008, and explains how Christian fundamentalism is rooted in financial collapse.

00:06:13

Boom & Bust

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 business cycle.

00:06:03