An Economist Plays Victoria 3... The Panic of 1873 and The Long Depression 1873-1896 VIDEO
We start with an economic historical discussion of the causes and outcomes of the Panic of 1873 and its connection to The Long Depression of 1873-1896. I like to emphasize political economics, as the two areas of study properly belong together, so we look at their interplay in the circumstances that dominated the last quarter of the 19th Century. Then, for the gamers, I close with suggestions on how to model this in Victoria 3 and provide a richer, more immersive economic experience.
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Panic of 1873
Long Depression 1873-18996
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