1825 was supposed to be a very good year for Britain. Trade was thriving. War on the continent had been averted. Harvests had been good for three years. The Bank of England was well-stocked with bullion. Optimism was in the air. In February, King George IV said, “there was never a period in the history of this country when all the great interests of the nation were at the same time in so thriving a condition.” Alas, the King spoke too soon. As with other periods of prosperity in the third decade of the century — the South Sea Bubble bursting in 1720, the Great Depression bringing the party to a crashing close in 1929 — the roaring twenties were about to spin out of control. (One contemporary magazine compared the rising bubble to the South Sea disaster from a hundred years before.)
It will take a generation or so for the next wave to be felt economically as birth rates fall. The first wave will be common economic contraction. The second wave will be general prosperity as population pressure on prices diminishes. See "Sex and the 21st Century: AR-W/(P-I) x ATroc = Q" in 3 volumes; 1. "God Made Men Too" about sex and sex education, in 4th edition. 2. "The Price Of Eggs Is Down" about the new economics, 2nd edition. 3. "Every War Is An UnCivil War" about the new geopolitics, now in 4th edition including chapters on Viet Nam, Iraq, and Putin's War. All in English on Amazon Kindle/Paperback.
It will take a generation or so for the next wave to be felt economically as birth rates fall. The first wave will be common economic contraction. The second wave will be general prosperity as population pressure on prices diminishes. See "Sex and the 21st Century: AR-W/(P-I) x ATroc = Q" in 3 volumes; 1. "God Made Men Too" about sex and sex education, in 4th edition. 2. "The Price Of Eggs Is Down" about the new economics, 2nd edition. 3. "Every War Is An UnCivil War" about the new geopolitics, now in 4th edition including chapters on Viet Nam, Iraq, and Putin's War. All in English on Amazon Kindle/Paperback.