The most damaging and wide-ranging speculative frenzies in history
History is littered with examples of economic bubbles during which assets like commodities, land, stocks rapidly inflate in price well above their intrinsic value. These bubbles are invariably followed by a crash when investors, who are no longer willing to pay through the nose, panic and sell en masse, resulting in a sudden collapse in prices and tears all round. Starting with the infamous 17th century tulip mania, we reveal the biggest and most notorious speculative frenzies of all time.
20 August 2019