Bad Times

Focusing on the economic depression of the late 19th century, the essay examines the detrimental impact of substantial foreign loans on trade. Wallace analyzes the cycle of instability and hardship that these loans have caused, critiquing the economic policies of the time. His insights reveal the challenges faced by society during this tumultuous period, making it a significant contribution to economic discourse. This work is presented as a facsimile reprint, preserving its historical context while ensuring accessibility for modern readers.