A longue durée and comprehensive perspective on the great depression of 1873

Can Deniz , Turna
The thesis was written during the long crisis of capitalism which has been on the air since 2008. The aim is to shed light on this crisis from a different perspective grounded in Braudel’s long duration. Evaluating the crisis within a long period of time, placing it in the global context as well as examining other crises, can widen our perspective and contribute to our understanding about the crisis. Based on these objectives, this thesis examines the 1873-1896 crisis and evaluates its consequences from the perspectives of economic history and political economy. Finally, the thesis investigates the recent crisis and compares it with the one in 1873-1896. The 1873-1896 crisis is particularly important because it is the crisis upon which the foundations of the US hegemony were laid. It wrought radical transformations upon the capitalist system, and the effects of transformations have continued until today. In another words, the crisis of 1873 is the starting point of a longue durée (long duration), and probably we are witnessing the last years of this long duration with the 2008 crisis


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Citation Formats
T. Can Deniz, “A longue durée and comprehensive perspective on the great depression of 1873,” M.S. - Master of Science, Middle East Technical University, 2020.