I don't know about downturns, but I have heard of the idea that during this period industrialized intoxicants also became available, which mellowed some of the social disruption caused by the working class moving to cities and becoming factory workers:https://io9.gizmodo.com/when-opium-was-for-newborns-and-bayer-sold-heroin-5896669 …
British history question: was there any major economic downturn and/or a rise of big populist movements in the UK between ~1850 and 1910? A Brexit-like period? Late Victorian + Edwardian era seems to have been a pretty serene era for Brits.
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Reactions to Crimean War, followed right away by Indian Mutiny? Protests leading to professionalization of military, civil service, medicine.
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Those were empire rather than domestic things
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Luddites just before that, but the fears surely persisted. Even till now.
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V different times, country happily living off the rest of the world, by means of the gun, with wealth accumulating very nicely. Substantial social unrest, leading to social reform too.
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There was a lot of trouble after the 1848 financial panic.
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I’ll have to dig out my history if British central banking book tomorrow for details.
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