Bubbles and Manias

From:

Financial Reckoning Day Surviving the Soft Depression of the 21st Century by William Bonner with Addison Wiggin

 

Bubble/Mania           Year                Country               Object

Tulip Mania                                 1636-16327                        Holland                         Exotic Tulips, real estate, canals, shares of Dutch East Indies Trading Co.

Mississippi Scheme                                  1719-1720                                  France                                   Shares of the Mississippi Co., Banknotes Banque Generale and Banque Royale     

South Sea Bubble                                    1720                                            England                                 Shares of the South Sea Trading Co., government debt

Treasury Bond Bubble                             1792                                            United States                        US Bonds (on acceptance of the US Constitution)

Waterloo Speculation                               1815-1816                                  England                                 Speculation in commodities and trade with the US

Wildcat Bank Bubble                               1837                                           United States                         Cotton, land, silver, banks in the Wild West that printed their own money

Railroad Mania                                        1847-1857, 1873                       England, Europe, US              Shares in railroad companies, real estate, wheat, building supplies

Precious Metal Mania                              1893                                           Australia, USA                       Silver, gold, gold mines, land

Money Panic                                            1907                                          France, Italy, USA                 Coffee, railroads, bank lending

Postwar Boom and Bust                           1920-1921                                England, USA                         Stocks, commodities, ships

The Great Crash                                      1929                                          USA                                       Stocks bought on margin                   

Collapse of Bretton Woods                     1974-1975                                USA, worldwide                     Stocks, REIT's, office buildings, tankers, Boeing 747's

Black Monday Collapse                          1987                                          USA, worldwide                     Stocks, luxury real estate, office building, the dollar

Japan Inc.                                               1990                                         Japan                                       Nikkei shares, real estate

The Great Tech Wreck                           1996-2000                                USA, worldwide                      Stocks, especially Internet and telcom companies         

 

Return to Home Page