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anyone can look back and seemingly piece together a puzzle that seemingly makes sense. This is just about as rigorous as a college student's presentation. Expect Ferguson has the ability to make it sound like rocket science.
Niall Ferguson is most certainly on the right track here, as there are such strong parallels to be drawn between Trump and Kearney. In fact, for those who are interested, here's a rather informative first hand account, written at the time, by the political economist, Henry George: www.sfmuseum.org/hist9/hgeorge3.html Which, oddly enough, brings me to the question I'd be itching to ask Niall: If Trump is the modern Kearney, who does he imagine might be our Henry George? I'd ask that, as you never hear George mentioned these days, yet he was a towering figure on the political landscape, in his day, and had the peculiar distinction of achieving his popularity and influence by doing the exact opposite of men like Trump and Kearney.
The interesting thing about 1872 is that charts of incomes for Citizens for this years rised a lot. If you see separate charts on that. Its hard to say how much of a crisis it was. It eas a crise for the banks and the financial institutions, but still, people was immigrating to the USA. So USA must have been better than Europé anyway.