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</html><thumbnail_url>https://eces.org.eg/wp-content/uploads/2026/03/12-3-2026.jpg</thumbnail_url><thumbnail_width>302</thumbnail_width><thumbnail_height>454</thumbnail_height><description>Overview: The book 1873 by Liaquat Ahamed examines the first global financial crisis, triggered by the collapse of a massive bond-driven boom in the mid-19th century. Railroads fueled speculation and borrowing, but when the bubble burst in the early 1870s, markets crashed worldwide, governments defaulted, and misguided currency reforms deepened the downturn. The crisis led [&hellip;]</description></oembed>

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