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Liaquat Ahamed on Financial Crises, Gold, and the Lessons of 1873

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Based on the episode description, not a full transcript. Source evidence retrieved 14/10/2026, 12:24:29 UTC.

Briefings

Liaquat Ahamed's podcast explores contrasting financial crises: the 1873 crisis which deflated the global economy but preserved growth, versus the Great Depression that devastated it. Key figures include Gladstone, Bismarck, Hjalmar Schacht, and Montagu Norman, whose actions shaped modern economic policy. The podcast examines lessons from the IMF regarding housing bubbles and bailouts, while noting Britain's stagnation and the 1920s' cultural impact. Recorded July 28, 2026, the episode covers diverse topics from Islamic finance to the eurozone crisis.

Key points

• The 1873 crisis caused severe deflation that barely dented global growth, whereas the Great Depression caused a major economic collapse.
• Gladstone's bet on Egyptian bonds and Bismarck's destruction of bimetallism are cited as factors in the 1873 crisis's political consequences.

Context and limitations

Evidence covers only the 1873 crisis and Great Depression comparison, with no data on other financial events or specific economic metrics.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 14/10/2026, 13:03:58 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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