18min chapter

Haymarket Originals: Fragile Juggernaut cover image

1. Why the American Working Class Is Different

Haymarket Originals: Fragile Juggernaut

CHAPTER

Impact of Railroad Investment Cycles on the Economy

The chapter explores the economic patterns of the 1870s, specifically focusing on the impacts of railroad investment cycles on capitalist crisis patterns. It discusses the influence of these cycles on periods of over-production and subsequent busts, as well as the social consequences related to Republican elite demands on managing war debt and currency policies.

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