The Age of Capital, 1848–1875
37th book of 2020. As I read through the Age of Capital, the history felt surprisingly relevant. The first economic boom of the 1850s, fueled by San Francisco gold induced monetary inflation, created an era where white men occupied the hazy frontier between optimism and fraud. (Sounds familiar) Age of Capital is the story of modernity spreading from its European epicenter to the world, creating winners and losers in a way unprecedented in history. In Europe, and especially for the wealthy few, this was a time of amazing returns on investment, epic trips to foreign lands, and a sense of unmatched progress and confidence in liberalism. ...