Mickey Butts

Mickey Butts

Mickey Butts is a business editor and writer based in Berkeley, California. His writing has appeared in publications such as Wired, Salon, Portfolio, the Industry Standard, the Financial Times, Current Affairs, the Nation, and Food & Wine.

On September 18, 1873, an investment bank owned by Jay Cooke, who financed the construction of the Northern Pacific Railway, went bankrupt, sparking a multiyear financial crisis.

How One Robber Baron's Gamble on Railroads Brought Down His Bank and Plunged the U.S. Into the First Great Depression

In 1873, greed, speculation and overinvestment in railroads sparked a financial crisis that sank the U.S. into more than five years of misery

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