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
Everyone thinks they're richer.
Both the fraudsters and the people who've had their money embezzled.
So yes, it is a great time.
Well, and then, like all great times, it comes to an end.
The first sign is in Vienna, which was an ancillary of the German stock market.
And that had gone up 300%.
And suddenly, in the beginning of 1873, investors began to question whether all these new companies had a business plan.
And for a while, the markets stayed up at the highs and didn't realize, a little bit like these Roadrunner cartoons, didn't realize the floor had been taken away from it.
And then in May of 1873, crashes.
And bank stocks fell by 45% in one day.
And you had this surreal scene where the emperor's daughter was getting married.
and every major royal family from Europe had collected in Vienna.
So the Prince of Wales and all of the major princes, the Crown Prince of Prussia, and they were all having these magnificent balls and dancing to the music of Johann Strauss.
Well.
But meanwhile, just down the road, because the stock market was next to the palace, the stock market was crashing.
You got the first wave of people committing suicide because they'd lost money.
Although even those suicides were frauds because people had bought equities on margin and realized that the way to escape their creditors was
was to go to the canal, pile their clothes at the side of the canal, jump into the canal, swim to the other side, and disappear.
Yeah.
Yeah, and the exhibition was going on, and that proved to be a total failure.
Showing 81–100 of 238 · page 5 of 12
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