Sunday, November 27, 2011

Grunderkrach coming to Rotterland?

Background: On May 9, 1873, the Vienna Stock Exchange crashed, no longer able to sustain false expansion, insolvency, and dishonest manipulations. A series of Viennese bank failures resulted, causing a contraction of the money available for business lending. [..] the railway empire of Bethel Henry Strousberg crashed after a ruinous settlement with the Romanian government, bursting the speculation bubble in Germany.

2 comments:

Mr roT said...

Where's the Coanda label?

Tecumseh said...

What does Coanda have to do with the Grundenkrach? He wasn't even born when that happened.