No great depression of the 1870s? That's mindwarping. Where's the link, damnit! I want to read more about this, but Google is being obstinant. Here's a review of the most recent book by the author, Charles R. Morris, apparently a financial expert of some repute. He's clearly talking about something which isn't great news to someone literate in economic history, but it isn't something I'm too familiar with, and everywhere I look, people talk about the great depression of the 1870s - even "The Long Depression of 1873-1896"!
Link via the Corner.