1873

A sweeping account of the first truly global financial calamity, 1873 traces the rise of an international bond boom and the collapse that followed. At the centre stands the Rothschild banking family, alongside the wider forces of speculation, overinvestment, defaults, and currency upheaval that spread from Vienna to New York.

The result is a broad historical narrative that connects market panic to long economic and political fallout. It places readers inside the crisis while showing how its consequences reached Reconstruction, the Ottoman Empire, and the rise of anti-globalist populism.