Liaquat Ahamed
speaker
238 appearances
1 recordings
1 series
first heard Jul 2026
last heard 27 Jul
Liaquat Ahamed’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
So the bond market grew by five times in the two decades from 1850 to 1870.
And all of it went into
big projects like the railroads, like the Suez Canal, like the Trans Across India rail link, which set the scene for that wonderful article which a French newspaper wrote in 1870 saying, now you can go across the world in 80 days.
And Jules Verne, who was a young adventure novelist based in France, stumbled across this article because the article even gave an itinerary for what a journey like this would look like.
He probably didn't realize it would make a great movie as well.
Yeah, not so much ordinary people, but upper middle class people.
We would call high net worth individuals.
The average man in the street wasn't buying bonds, which actually would prove to be part of the savior when the whole thing went south, because the people who lost money could actually afford to lose money.
But yes, you're right.
I mean, it was retail.
It was not institutional money.
And the institutional came later, as you mentioned, with investment trusts.
Yeah, and they were, to some degree, more localized, and they were less global.
I mean, in the 1830s, the canal boom ended in the US, and that caused a whole lot of repercussions in the UK.
Most of Europe wasn't involved, so it was primarily an Anglo-Saxon thing.
There were many crashes during the 1860s.
The first was when Jay Gould tried to corner the gold supply of the United States.
Right.
And bribed the president's brother-in-law.
Right.
Showing 21–40 of 238 · page 2 of 12
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