Another banking crisis: Chicago’s Panic of 1896

The Huffington Post, November 10, 2008 — The news from Wall Street is prompting a lot of comparisons with the Great Depression, but the history books are filled with other similar financial crises. Throughout the 1800s, when the government barely regulated the financial markets at all, speculative bubbles and piles of bad loans caused several panics. History repeats itself. Here’s the story of one panic—a series of bank collapses that hit Chicago in 1896. Read my blog post at the Huffington Post.