Ron Mattocks: Occupy Wall Street & Reaction to The Gilded AgeRoundup: Media's Take
Ron Mattocks is a social media strategist.
Saint Bradley-Martin -- In February of 1897, rich New York socialites, Bradley and Cornilia Martin, hosted an over-the-top costume ball at the Waldorf-Astoria Hotel. What's the significance behind this? For starters, the United States had been suffering through a major economic depression that had begun in 1873 and included two bank panics (1873 and 1893). Contrasted against the country's current condition, the Bradley-Martin Ball was more than just ill-timed; it was a slap in the face to the American populace which had been bearing the brunt of the hardships produced by what was later referred to as The Long Depression for over two decades.
It's interesting to note that the Long Depression wasn't just endemic to the United States, but was in fact, a major global economic crisis plaguing all of Europe and Russia as well. (It's likely that the rest of the globe was affected, but financial record keeping in these regions was sketchy to non-existent.)
How did that whole mess get started? Funny you should ask. I'll skip the finer details, but basically it boiled down to inflationary investing in Germany following the Franco-Prussian War while here in the United States, the cause stemmed from over-building by the railroad companies as well as rampant corporate and congressional fraud, best personified by the the Crédit Mobilier of America scandal in 1872 (congressmen were taking bribes from the Crédit Mobilier of America Construction company.)
Starting to sound familiar? Oh, but wait, it gets better!...
comments powered by Disqus
- Snopes debunks slavery Internet meme
- Revamped Chinese History Journal Welcomes Hard-Line Writers
- Poll: 3 Out of 5 Texan Trump Supporters Want Secession if Hillary Clinton Is Elected
- The Psychiatric Question: Is It Fair to Analyze Donald Trump From Afar?
- Minorities still feel Eugene, Oregon’s historical link to the Ku Klux Klan
- Ernst Nolte, Historian Whose Views on Hitler Caused an Uproar, Dies at 93
- Japan should give formal apology for wartime aggression, says historian
- Historian Benjamin Madley says what whites did to Indians in the 19th century in California was genocide.
- Kevin Baker says America needs to bring back political machines
- Covell Meyskens uses his blog to show what life was like under Mao. (Interview)