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Boom-bust and the Australian banks

June 26, 2017 - 17:29 -- Admin

Australia experienced an increasingly gigantic bubble in land prices during the 1880s and the beginning of the 1890s, and the city of Melbourne became bubble-central. Michael Cannon provides an excellent account of the period in The Land Boomers. Henry George’s masterwork Progress and Poverty had hit the streets in the United States in 1879 and […]