{"product_id":"1873-the-rothschilds-first-great-depression-and-making-of-the-modern-world-by-liaquat-ahamed-9781594204173","title":"1873 | Liaquat Ahamed","description":"\u003csection class=\"product-description\" style=\"color: #1a1a1a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; line-height: 1.6;\"\u003e\n  \u003ch2 style=\"color: #2c3e50; font-size: 1.75em; margin-bottom: 15px; border-bottom: 2px solid #2c3e50; padding-bottom: 5px;\"\u003e1873: The Rothschilds, the First Great Depression, and the Making of the Modern World\u003c\/h2\u003e\n  \n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eAccolades \u0026amp; Praise\u003c\/h3\u003e\n  \u003cul style=\"margin-bottom: 20px; padding-left: 20px;\"\u003e\n    \u003cli style=\"margin-bottom: 5px;\"\u003eNamed a Most Anticipated Book of 2026 by \u003cem\u003eLiterary Hub\u003c\/em\u003e.\u003c\/li\u003e\n    \u003cli style=\"margin-bottom: 5px;\"\u003eFrom Liaquat Ahamed, the Pulitzer Prize–winning author of \u003cem\u003eLords of Finance\u003c\/em\u003e.\u003c\/li\u003e\n  \u003c\/ul\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eExtended Synopsis\u003c\/h3\u003e\n  \u003cp style=\"margin-bottom: 15px;\"\u003e\u003cem\u003e1873: The Rothschilds, the First Great Depression, and the Making of the Modern World\u003c\/em\u003e by Pulitzer Prize-winning author Liaquat Ahamed is a sweeping history of the world's first truly global financial crisis. During the rapid globalization of the 1850s and 1860s, an unprecedented economic expansion was fueled by a booming global bond market. At the epicenter stood the Rothschild family—the iconic banking dynasty whose capital financed transformative infrastructure like transcontinental railroads, but also unleashed rampant speculation, overinvestment, and unsustainable public debt.\u003c\/p\u003e\n  \u003cp style=\"margin-bottom: 15px;\"\u003eWhen the speculative bubble inevitably burst in the early 1870s, stock exchanges from Vienna to New York collapsed, triggering widespread defaults across railroad corporations and sovereign governments. In response, monetary officials mismanaged a hasty overhaul of the global currency system, worsening the economic fallout and ushering in decades of crippling deflation that stoked anti-globalist sentiment. Ahamed illustrates how the Crisis of 1873 delivered a fatal blow to Reconstruction in the United States, initiated the protracted decline of the Ottoman Empire, and scapegoated Jewish financiers, fostering dangerous antisemitic tropes that persisted into the twentieth century.\u003c\/p\u003e\n  \u003cp style=\"margin-bottom: 15px;\"\u003eCombining a bird's-eye analytical perspective with intimate human accounts, Ahamed delivers a masterwork of macroeconomic history. By tracing the crisis from its speculative origins to its geopolitical aftermath, \u003cem\u003e1873\u003c\/em\u003e offers profound insights into how modern global markets, monetary policies, and social movements were forged in the crucible of a 19th-century panic.\u003c\/p\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eAbout the Author\u003c\/h3\u003e\n  \u003cp style=\"margin-bottom: 15px;\"\u003e\u003cstrong\u003eLiaquat Ahamed\u003c\/strong\u003e is a renowned financial historian and author. His previous work, \u003cem\u003eLords of Finance: The Bankers Who Broke the World\u003c\/em\u003e, won the Pulitzer Prize for History, the Financial Times and Goldman Sachs Business Book of the Year Award, and the Council on Foreign Relations Arthur Ross Book Award. He has held senior investment positions at the World Bank and various private investment firms.\u003c\/p\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eReader Targeting\u003c\/h3\u003e\n  \u003cul style=\"margin-bottom: 20px; padding-left: 20px;\"\u003e\n    \u003cli style=\"margin-bottom: 5px;\"\u003eReaders of economic history, macroeconomics, and global financial history.\u003c\/li\u003e\n    \u003cli style=\"margin-bottom: 5px;\"\u003eFans of Liaquat Ahamed's Pulitzer Prize-winning work \u003cem\u003eLords of Finance\u003c\/em\u003e.\u003c\/li\u003e\n    \u003cli style=\"margin-bottom: 5px;\"\u003eHistorians and scholars analyzing 19th-century globalization, U.S. Reconstruction, and monetary systems.\u003c\/li\u003e\n  \u003c\/ul\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eBibliographic \u0026amp; Physical Specifications\u003c\/h3\u003e\n  \u003cdiv class=\"table-responsive\" style=\"overflow-x: auto; max-width: 100%; margin-bottom: 25px; -webkit-overflow-scrolling: touch; border: 1px solid #e0e0e0;\"\u003e\n    \u003ctable style=\"width: 100%; min-width: 650px; border-collapse: collapse; font-size: 0.95em; table-layout: fixed;\"\u003e\n      \u003cthead\u003e\n        \u003ctr style=\"background-color: #f8f9fa; border-bottom: 2px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 12px 10px; color: #2c3e50; width: 30%; font-weight: bold;\"\u003eSpecification\u003c\/th\u003e\n          \u003cth style=\"text-align: left; padding: 12px 10px; color: #2c3e50; width: 70%; font-weight: bold;\"\u003eDetails\u003c\/th\u003e\n        \u003c\/tr\u003e\n      \u003c\/thead\u003e\n      \u003ctbody\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eTitle\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003e1873\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eSubtitle\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003eThe Rothschilds, the First Great Depression, and the Making of the Modern World\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eAuthor\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003eLiaquat Ahamed\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eISBN-13\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003e9781594204173\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eISBN-10\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003e1594204179\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003ePublisher\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003ePenguin Press\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003ePublication Date\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003eJune 2, 2026\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eEdition\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003eFirst Edition\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eLanguage\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003eEnglish\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eCondition\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003ePre-Owned \/ Very Good\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eFormat\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003eHardcover (Hardbound, Includes Dust Jacket)\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003ePage Count\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003e368\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eBISAC Categories\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003eBUSINESS \u0026amp; ECONOMICS \/ Economic History; HISTORY \/ Modern \/ 19th Century\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eBIC\/Thema Classifications\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003eEconomic history (KC)\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eDimensions\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003e9.3 x 6.4 x 1.5 inches (236 x 163 x 38 mm)\u003c\/td\u003e\n        \u003c\/tr\u003e\n        \u003ctr style=\"border-bottom: 1px solid #e0e0e0;\"\u003e\n          \u003cth style=\"text-align: left; padding: 10px; background-color: #f8f9fa; color: #2c3e50; font-weight: bold; vertical-align: top;\"\u003eWeight\u003c\/th\u003e\n          \u003ctd style=\"padding: 10px; color: #1a1a1a; vertical-align: top;\"\u003e19.0 oz\u003c\/td\u003e\n        \u003c\/tr\u003e\n      \u003c\/tbody\u003e\n    \u003c\/table\u003e\n  \u003c\/div\u003e\n\n  \u003ch3 style=\"color: #2c3e50; font-size: 1.25em; margin-top: 20px; margin-bottom: 10px;\"\u003eFrequently Asked Questions\u003c\/h3\u003e\n  \u003cp style=\"margin-bottom: 10px;\"\u003e\u003cstrong\u003eWhat is \u003cem\u003e1873\u003c\/em\u003e about?\u003c\/strong\u003e\u003cbr\u003eThe book is an examination of the Panic of 1873, exploring how global bond markets, railroad expansion, and monetary policy changes triggered the First Great Depression.\u003c\/p\u003e\n  \n  \u003cp style=\"margin-bottom: 10px;\"\u003e\u003cstrong\u003eWho is the author?\u003c\/strong\u003e\u003cbr\u003eIt is written by Liaquat Ahamed, a financial historian best known for his Pulitzer Prize-winning book \u003cem\u003eLords of Finance\u003c\/em\u003e.\u003c\/p\u003e\n  \n  \u003cp style=\"margin-bottom: 15px;\"\u003e\u003cstrong\u003eHow were the Rothschilds involved in the 1873 crisis?\u003c\/strong\u003e\u003cbr\u003eThe Rothschild family anchored the 19th-century global bond market that funded major infrastructure projects. Although they maintained a cautious profile during the boom, they became central figures during the panic's aftermath.\u003c\/p\u003e\n\n  \u003cscript type=\"application\/ld+json\"\u003e\n  {\n    \"@context\": \"https:\/\/schema.org\",\n    \"@graph\": [\n      {\n        \"@type\": [\"Book\", \"Product\"],\n        \"@id\": \"https:\/\/bustdownbooks.com\/products\/1873-the-rothschilds-first-great-depression-and-making-of-the-modern-world-by-liaquat-ahamed-9781594204173#book\",\n        \"name\": \"1873: The Rothschilds, the First Great Depression, and the Making of the Modern World\",\n        \"author\": {\n          \"@type\": \"Person\",\n          \"name\": \"Liaquat Ahamed\"\n        },\n        \"description\": \"Liaquat Ahamed examines the 1873 financial crash, tracing the speculative bubble, the Rothschild dynasty, and the rise of the first global depression.\",\n        \"isbn\": \"9781594204173\",\n        \"gtin13\": \"9781594204173\",\n        \"sku\": \"1594204179\",\n        \"bookFormat\": \"https:\/\/schema.org\/Hardcover\",\n        \"bookEdition\": \"First Edition\",\n        \"datePublished\": \"2026-06-02\",\n        \"numberOfPages\": \"368\",\n        \"inLanguage\": \"en-US\",\n        \"countryOfOrigin\": \"United States\",\n        \"genre\": [\n          \"BUSINESS \u0026 ECONOMICS \/ Economic History\",\n          \"HISTORY \/ Modern \/ 19th Century\",\n          \"Economic history (KC)\"\n        ],\n        \"image\": \"https:\/\/cdn.shopify.com\/s\/files\/1\/0855\/2077\/7531\/files\/9781594204173.jpg?v=1786923977\",\n        \"publisher\": {\n          \"@type\": \"Organization\",\n          \"name\": \"Penguin Press\"\n        },\n        \"weight\": {\n          \"@type\": \"QuantitativeValue\",\n          \"value\": \"19.0\",\n          \"unitCode\": \"ONZ\"\n        },\n        \"height\": {\n          \"@type\": \"QuantitativeValue\",\n          \"value\": \"9.3\",\n          \"unitCode\": \"INH\"\n        },\n        \"width\": {\n          \"@type\": \"QuantitativeValue\",\n          \"value\": \"6.4\",\n          \"unitCode\": \"INH\"\n        },\n        \"depth\": {\n          \"@type\": \"QuantitativeValue\",\n          \"value\": \"1.5\",\n          \"unitCode\": \"INH\"\n        },\n        \"offers\": {\n          \"@type\": \"Offer\",\n          \"price\": \"32.99\",\n          \"priceCurrency\": \"USD\",\n          \"availability\": \"https:\/\/schema.org\/InStock\",\n          \"itemCondition\": \"https:\/\/schema.org\/UsedCondition\",\n          \"url\": \"https:\/\/bustdownbooks.com\/products\/1873-the-rothschilds-first-great-depression-and-making-of-the-modern-world-by-liaquat-ahamed-9781594204173\",\n          \"seller\": {\n            \"@type\": \"Organization\",\n            \"name\": \"Bust-Down Books\"\n          }\n        }\n      },\n      {\n        \"@type\": \"FAQPage\",\n        \"@id\": \"https:\/\/bustdownbooks.com\/products\/1873-the-rothschilds-first-great-depression-and-making-of-the-modern-world-by-liaquat-ahamed-9781594204173#faq\",\n        \"mainEntity\": [\n          {\n            \"@type\": \"Question\",\n            \"name\": \"What is 1873 about?\",\n            \"acceptedAnswer\": {\n              \"@type\": \"Answer\",\n              \"text\": \"The book is an examination of the Panic of 1873, exploring how global bond markets, railroad expansion, and monetary policy changes triggered the First Great Depression.\"\n            }\n          },\n          {\n            \"@type\": \"Question\",\n            \"name\": \"Who is the author?\",\n            \"acceptedAnswer\": {\n              \"@type\": \"Answer\",\n              \"text\": \"It is written by Liaquat Ahamed, a financial historian best known for his Pulitzer Prize-winning book Lords of Finance.\"\n            }\n          },\n          {\n            \"@type\": \"Question\",\n            \"name\": \"How were the Rothschilds involved in the 1873 crisis?\",\n            \"acceptedAnswer\": {\n              \"@type\": \"Answer\",\n              \"text\": \"The Rothschild family anchored the 19th-century global bond market that funded major infrastructure projects. 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