Looking into a Distant Mirror: The 1870s

5 Pages Posted: 8 May 2015

See all articles by Hilary Till

Hilary Till

Premia Research LLC; EDHEC-Risk Institute; J.P. Morgan Center for Commodities, University of Colorado Denver Business School; Global Commodities Applied Research Digest

Date Written: February 14, 2011

Abstract

This article examines the financial dislocations that were occurring at the time of the iconic Edgar Degas 1873 painting, “The Cotton Exchange at New Orleans” and draws parallels to financial events of the 21st century. One can find some potentially useful historical lessons to draw on from that era. The article concludes that there is much to learn from the 1870s, whether it is (a) in how to anticipate financial dislocations, or (b) in how to avoid social disruptions that have historically followed financial dislocations, or (c) in how to persevere amidst adverse economic conditions.

Keywords: Futures, financial crash

JEL Classification: G1, N21

Suggested Citation

Till, Hilary, Looking into a Distant Mirror: The 1870s (February 14, 2011). Available at SSRN: https://ssrn.com/abstract=2603513 or http://dx.doi.org/10.2139/ssrn.2603513

Hilary Till (Contact Author)

Premia Research LLC ( email )

United States
312-583-1137 (Phone)
312-873-3914 (Fax)

HOME PAGE: http://customindices.spindices.com/custom-index-calculations/premia/all

EDHEC-Risk Institute

Nice
France

HOME PAGE: http://risk.edhec.edu/

J.P. Morgan Center for Commodities, University of Colorado Denver Business School ( email )

1475 Lawrence St.
Denver, CO 80202
United States

HOME PAGE: http://www.business.ucdenver.edu/commodities

Global Commodities Applied Research Digest ( email )

J.P. Morgan Center for Commodities
1475 Lawrence Street
Denver, CO 80202
United States

HOME PAGE: http://www.jpmcc-gcard.com/hilary-till

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