Alves dos Reis and counterfeit notes: the nail in the coffin of the First Republic?

Continuing the story of the early 20th century, Rui Tavares paints a portrait of the circumstances that gave rise to the greatest economic fraud in the history of Portugal based on a theory by economist Henry Wigan, who draws a direct link between Alves dos Reis's counterfeit notes and the end of the First Republic. Listen to another episode of Tempo ao Tempo

Is there really a direct relationship between the financial collapse caused by the circulation of Alves dos Reis's counterfeit notes and the end of the First Republic with the revolution of May 28, 1926, which overthrew President Bernardino Machado?

By delving into the stories that anticipate the great history of the 20th century, Rui Tavares proposes the exercise of thinking about what Europe would be like today, 100 years after this seemingly insignificant year and, above all, he alerts us to the many similarities of our year, 2025.

Listen to 'Tempo ao Tempo' here on Expresso, SIC and SIC Notícias, or subscribe to the podcast on any podcast platform. Every Thursday a new episode written and narrated by Rui Tavares.