CFA Society Chicago
Investing in US Financial History with Mark Higgins Podcast Part 1
Feb 19, 2024
Author Mark Higgins discusses the historical roots of US financial development from the panic of 1792 to the rise of Wall Street. He explores the impact of the first Great Depression, the gold standard, and the free silver movement, as well as the vulnerabilities of the banking system and the role of the Federal Reserve in financial crises.
47:21
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Quick takeaways
- Understanding historical financial events can inform current policy and investment decisions.
- Alexander Hamilton's actions in restructuring US debt were pivotal in stabilizing the economy and currency.
Deep dives
The importance of understanding US financial history
Mark Higgins discusses the relevance of understanding historical precedents in investing and the lack of an accessible book on the full financial history of the United States. He highlights the value of learning from past mistakes and behaviors in predicting the future.
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