The Panic of 1873

The Panic of 1873 marked the beginning of The Long Depression. Although most of us today think of The Great Depression as the canonical American Depression, The Long Depression was a big deal in its own right, and has worldwide effects. It lasted twenty-three years, and according to Wikipedia, "The primary cause of the depression was a shortage of available money to facilitate trade." Sound familiar?
Today New York Times writer Jennifer 8. Lee (yes, her middle initial is a number) looks at the circumstances leading up to the Panic of 1873 and the following depression. It's great reading, and particularly instructive in today's situation. Here's a tidbit:

While the 1929 stock market collapse is widely perceived by economists to have played a role in the economic contraction, the stock market collapse in 1873 — much like the one now — came after a building boom created by easily obtainable mortgages and an ensuing banking crisis, said Prof. Scott Reynolds Nelson, whose piece in The Chronicle of Higher Education has been widely translated into Korean, Spanish, Italian and Russian (and noted in our sister blog, Economix).

"Most people don't know a lot about it, but people who do know a lot about it are really creeped out," Professor Nelson said of the 1873 crisis, which resulted in a near total collapse of the financial system.

Read the rest for a great overview (including tons of primary sources) of a financial crisis most of us have never heard of.

(Via Waxy.org.)

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Courtesy of October Films
This Scientist's Idea of the 'Perfect' Human Body Is Kind of Terrifying
Courtesy of October Films
Courtesy of October Films

The perfect human body has the legs of an ostrich, the heart of a dog, and the eyes of an octopus, according to anatomist Alice Roberts. And it’s utterly terrifying.

With the help of anatomical artist Scott Eaton and special effects designer Sangeet Prabhaker, Roberts created a life-size replica of herself that fixes many design flaws inherent to the human body, Motherboard reports. Roberts unveiled the sculpture on April 23 at the Science Museum in London. On June 13, the BBC released a documentary about the project.

Among the flaws Roberts’s sculpture corrects are humans’ inferior ears, spine, and lungs. Roberts borrowed anatomy from reptiles, birds, and other mammals to create a Frankenstein-esque creature straight from the island of Dr. Moreau.

The sculpture of Alice 2.0, left, with Alice Roberts, right
Courtesy of October Films

The sculpture has legs like an ostrich because, as Roberts says on her website, the human knee is complex and prone to failure. Like humans, ostriches are bipedal, but they are far better runners. Bird-like lungs that keep air flowing in one direction, not two, make running and other aerobic activities easier for the perfect human to manage. And a chimpanzee’s sturdier spine and a dog’s heart (which has more connected arteries, leading to lower heart attack risk) make Roberts’s alternate self more resistant to injury and disease.

Roberts’s ideal human body also has skin like a frog that can change shades based on the environment, and large, bat-like ears that amplify sound. Roberts also fixed humans’ backwards retina, which produces a natural blind spot, by borrowing from octopus eye anatomy.

Perhaps most disturbing of all is the baby head poking out of the sculpture’s marsupial pouch. Roberts says marsupial pregnancy would be far easier on the human body and more convenient for parents on the go.

“This could be a human fit for the future,” Roberts says at the end of a trailer for her BBC documentary.

[h/t Motherboard]

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iStock
Employees at Antarctica's McMurdo Station Are Throwing a Party for Pride Month
iStock
iStock

Employees at Antarctica's McMurdo Station are gearing up to celebrate Pride month in one of the world's harshest environments. On Saturday, June 9, the station will host what Hannah Valian, who deals with the center's recycling efforts, calls "one of the larger parties ever thrown" at the station.

McMurdo Station is an Antarctic research facility owned and operated by the United States. The station is more sparsely populated during Antarctica's colder autumn and winter seasons (which run from March to September), but employees tell us there's still a decent-sized LGBTQ scene to celebrate this June.

About 10 of the 133 people currently at McMurdo identify as LGBTQ, says Rachel Bowens-Rubin, a station laboratory assistant. Valian said the idea for a Pride celebration came up in May at one of the station's regular LGBTQ socials.

"Everyone got really excited about it," she tells Mental Floss via email. "So we ran with it."

Ten individuals are wearing coats while holding a rainbow-colored Pride flag. They are standing in snow with mountains in the distance.
"I hope when people see this photo they'll be reminded that LGBTQ people aren't limited to a place, a culture, or a climate," McMurdo's Evan Townsend tells Mental Floss. "We are important and valuable members of every community, even at the bottom of the world."
Courtesy of Shawn Waldron

Despite reports that this is the continent's first Pride party, none of the event's organizers are convinced this is the first Pride celebration Antarctica has seen. Sous chef Zach Morgan tells us he's been attending LGBTQ socials at McMurdo since 2009.

"The notion is certainly not new here," he says.

To Evan Townsend, a steward at the station, this weekend's Pride event is less a milestone and more a reflection of the history of queer acceptance in Antarctica.

"If anything," Townsend says, "recognition belongs to those who came to Antarctica as open members of the LGBTQ community during much less welcoming times in the recent past."

This week, though, McMurdo's employees only had positive things to say about the station's acceptance of LGBTQ people.

"I have always felt like a valued member of the community here," Morgan tells us in an email. "Most people I've met here have been open and supportive. I've never felt the need to hide myself here, and that's one of the reasons I love working here."

Saturday's celebration will feature a dance floor, photo booth, lip sync battles, live music, and a short skit explaining the history of Pride, Valian says.

"At the very least, I hope the attention our Pride celebration has garnered has inspired someone to go out and explore the world, even if they might feel different or afraid they might not fit in," Morgan says. "'Cause even on the most inhospitable place on Earth, there's still people who will love and respect you no matter who you are."

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