From Riches to Rags: The Merino Sheep Craze of 19th Century New England

The Poor Prole’s Almanac · Apr 23, 2023 · 32m

This episode of "The Poor Proles Almanac" explores the historical economic bubble surrounding Merino sheep in New England between 1810 and 1845. Hosts Andy, Elliot, and Matt discuss how the opportunity to get rich quick, combined with favorable economic conditions, led to the rapid deforestation of New England for sheep pasture and ultimately ended in the financial ruin of many farmers.

Setting the Stage: Pre-Merino New England

Before discussing the Merino sheep craze, the hosts provide context on the ecological and economic situation in New England in the 17th and 18th centuries. They…