[{"data":1,"prerenderedAt":74},["ShallowReactive",2],{"episode-panic-a-history-of-financial-crisis":3},{"id":4,"slug":5,"title":6,"subtitle":7,"pubdate":8,"tags":13,"thumb":21,"excerpt":27,"content":28,"transcript":23,"transcript_file":23,"audio":29,"resources":33,"segments":38},284,"panic-a-history-of-financial-crisis","Panic!","A History of Financial Crisis",{"utc":9,"short":10,"medium":11,"long":12},1229680855,"12.19.08","Dec 19, 2008","December 19, 2008",[14,15,16,17,18,19,20],"Great Depression","Great Recession","capitalism","deregulation","economy","financial crisis","financial crisis of 2007–2008",{"src":22,"caption":23,"derivatives":24},"https:\u002F\u002Fs3.amazonaws.com\u002Fcdn.backstoryradio.org\u002Fimages\u002Fpanic-a-history-of-financial-crisis\u002FPanic.jpg",null,{"square_small":25,"square_medium":26},"https:\u002F\u002Fs3.amazonaws.com\u002Fcdn.backstoryradio.org\u002Fimages\u002Fpanic-a-history-of-financial-crisis\u002Fsquare_small\u002FPanic.jpg","https:\u002F\u002Fs3.amazonaws.com\u002Fcdn.backstoryradio.org\u002Fimages\u002Fpanic-a-history-of-financial-crisis\u002Fsquare_medium\u002FPanic.jpg","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?","\u003Cp>Speculation…deregulation…crash…bailout. Sound familiar? Probably. Sound modern? It shouldn’t. Financial panics have occurred regularly throughout American history, and each time we were left holding the bag when the bottom fell out of the market and banks called in their debts. Why do we think we’ll ever beat the business cycle? On this week’s show, economic historian Michael Bernstein says you can’t have the boom without the bust. Then historian Scott Nelson outlines the eerie similarities between 1873 and 2008, and explains how Christian fundamentalism is rooted in financial collapse.\u003C\u002Fp>",{"url":30,"duration":31,"formatted_duration":32},"https:\u002F\u002Fs3.amazonaws.com\u002Fcdn.backstoryradio.org\u002Faudio\u002Fepisodes\u002Fpanic-a-history-of-financial-crisis.mp3","3179","00:52:59",[34],{"title":35,"content":36,"files":37},"Related Links","\u003Cul>\n\u003Cli>\u003Ca href=\"http:\u002F\u002Fwww.thehistorybox.com\u002Fny_city\u002Fpanics\u002Fpanics_article1a.htm\">Learn\u003C\u002Fa> more about panics and depressions before 1929.\u003C\u002Fli>\n\u003Cli>\u003Ca href=\"http:\u002F\u002Fchronicle.com\u002Farticle\u002FThe-Real-Great-Depression\u002F23394\u002F\">Experience\u003C\u002Fa> déjà vu all over again with Scott Nelson’s description of the 1873 Panic.\u003C\u002Fli>\n\u003Cli>\u003Ca href=\"http:\u002F\u002Fbooks.google.com\u002Fbooks?id=8TEYAAAAYAAJ\">Read\u003C\u002Fa> the proto-fundamentalist sermons of Dwight Moody.\u003C\u002Fli>\n\u003Cli>\u003Ca href=\"http:\u002F\u002Fhnn.us\u002Farticles\u002F54603.html\">Browse\u003C\u002Fa> a collection of current articles about the history of panics.\u003C\u002Fli>\n\u003Cli>\u003Ca href=\"http:\u002F\u002Fwww.vanityfair.com\u002Fpolitics\u002Ffeatures\u002F2008\u002F12\u002Fbanks200812\">Find out\u003C\u002Fa> about the origins of our abstract economic system.\u003C\u002Fli>\n\u003C\u002Ful>\n",[],[39,58],{"index":40,"title":41,"description":42,"audio":43,"tags":47,"transcript":23,"episode":53},0,"Glorious Riches","\u003Cp>Historian Scott Nelson outlines the eerie similarities between 1873 and 2008, and explains how Christian fundamentalism is rooted in financial collapse.\u003C\u002Fp>\n",{"url":44,"duration":45,"formatted_duration":46},"https:\u002F\u002Fs3.amazonaws.com\u002Fcdn.backstoryradio.org\u002Faudio\u002Fsegments\u002Fpanic-a-history-of-financial-crisis\u002Fpanic-a-history-of-financial-crisis-01.mp3","373","00:06:13",[48,49,50,51,19,52],"Panic of 1873","blame","conspiracy theories","debt default","fundamentalism",{"id":4,"slug":5,"title":6,"subtitle":7,"pubdate":54,"tags":55,"thumb":56},{"utc":9,"short":10,"medium":11,"long":12},[14,15,16,17,18,19,20],{"src":22,"caption":23,"derivatives":57},{"square_small":25,"square_medium":26},{"index":59,"title":60,"description":61,"audio":62,"tags":66,"transcript":23,"episode":69},1,"Boom & Bust","\u003Cp>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.\u003C\u002Fp>\n",{"url":63,"duration":64,"formatted_duration":65},"https:\u002F\u002Fs3.amazonaws.com\u002Fcdn.backstoryradio.org\u002Faudio\u002Fsegments\u002Fpanic-a-history-of-financial-crisis\u002Fpanic-a-history-of-financial-crisis-02.mp3","363","00:06:03",[14,67,16,68,18,19],"banking","credit",{"id":4,"slug":5,"title":6,"subtitle":7,"pubdate":70,"tags":71,"thumb":72},{"utc":9,"short":10,"medium":11,"long":12},[14,15,16,17,18,19,20],{"src":22,"caption":23,"derivatives":73},{"square_small":25,"square_medium":26},1790963882720]