What We’re Reading: October 16, 2008 Edition

Jay Walker's personal libraryThe ups and downs of the current economy are all over the news these days, so we start off this What We’re Reading by looking back at financial times of yesteryear. Then, check out an impressive personal library, learn what the Britannica blog says Americans look for in a president, and find out where historians fit in the climate crisis. Finally, we point to a recently discovered “Stonewall” Jackson memoir, a project on the future of scholarly journals, a debate on British history, and an article on the cheapest eats possible in New York City.

The Great Depression
With the financial news changing on a daily (sometimes hourly) basis, these articles may be less timely than they were last week. However, we think they’re still worth a look.

  • The Real Great Depression
    Scott Reynolds Nelson, at the Chronicle Review, recounts the Panic of 1873, which he considers a better parallel to the current economic crisis than the Stock Market Crash of 1929. Many Europeans called it the American Commercial Invasion when the U.S. had become a production machine, maintaining high productivity with low costs. Consequently, the economic success in the U.S. stunted economic growth in Europe. It was only a matter of time before this economic halt reached the United States, which it did in 1873, with the railroads being the first to fall.
  • Their Great Depression and Ours: Part I
    There are many competing theories on what caused the Stock Market Crash of 1929, which ultimately catapulted the U.S. into the Great Depression. In his article, James Livingston explains the various economic theories on how and why the crash occurred and looks for parallels between the economic state then and the economic state now.

What Else We’re Reading

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