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Hitting the Buffers: The 1873 railway bust that broke one of America’s greatest financiers

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Hitting the Buffers: The 1873 railway bust that broke one of America’s greatest financiers

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Every now and then a new technology comes along that changes everything – electricity, computers, potentially AI. In mid-19th-century America, that technology was the steam locomotive. It knitted the US economy together, driving the nation’s industrialisat...

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