Long-Term Charts 3: Markets Since The Dawn Of Civilization

We have looked at US markets since Independence and Western Markets since The Middle Ages; but to really comprehend how far we have come, we need to press back to the dawn of civilization. 5000 years of interest-rates and commodity history and a trend is very clear as epochal events drive volatility.


Markets Since The Beginning of Civilization


Commodity Prices


Interest Rates



H/t @Macro_Tourist for these increble charts