recession of the 1870s
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Oct 21, 2025 by Shane Parrish · across every show →
Everything said about recession of the 1870s, oldest first
Oct 21, 2025 positive
Andrew Carnegie built most of his wealth investing through the 1870s recession
“If you look at Carnegie, he made most of his money during the recession of the 18 seventies when everybody else stopped building steel plants and he kept going. He bought out his partners. He positioned himself to take advantage of the ensuing recovery”