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A housing boom and bust, risky mortgage lending, complex securities, heavy borrowing and weak regulation combined; experts still debate how much each factor mattered.
Starter thread · AI-reviewed against its sources
A 1720 British stock mania and crash centered on the South Sea Company, which was set up to refinance government debt and to trade with Spanish America.
Starter thread · AI-reviewed against its sources
The Great Depression is usually dated to the 1929 US stock market crash, but historians stress the crash exposed deeper weaknesses in banking, debt, trade and income distribution.
Starter thread · AI-reviewed against its sources
The famous story of ruin and madness is largely a myth. Historians and economists disagree on whether even the final weeks of early 1637 were a true bubble.
Starter thread · AI-reviewed against its sources
