This paper investigates the history of economic bubbles and attempts to identify whether there are direct correlations between different bubbles. To support this research, literature has been consulted on historical and recent bubbles, theories surrounding speculation, the market for venture capital, and...
Japanese economy grew on average 9% annually from 1955 to 1973, meaning size of economy doubled in every 8 years. This is by far the rapid economic growth in the modern history, may be only second to the rise of China after 1979. It didn’t stop here, Japanese economy grew at average...
On the one hand, we have Bitcoin, something we have no clue about how it'll turn out because it's an ongoing process. On the other hand, we have things we know to be bubbles for certain through history, and some of them will never have a good value again (Tulip). Just because th...
During the 1600's, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a depression. What happe
Examples of Bubbles Recent history includes two very consequential bubbles: the dot-com bubble of the 1990s and the housing bubble between 2007 and 2008. However, the first recorded speculative bubble, which occurred in Holland from 1634 to 1637, provides an illustrative lesson that applies to the...
The ‘2008 Crisis’ in an economic history perspective: Looking at the twentieth centuryfinancial historyfinancial and economic crisesbubbles and panicsThis introduction sets the articles in this special issue into their historical context and explores some of the definitional problems associated with ...
By the 1990s there had been enough “bubbles” in stock prices to remind economists of the excessive volatility of stock markets (and to prompt Federal Reserve Board chairman Alan Greenspan to point to the market’s “irrational exuberance” when share prices hit new peaks late in the decade)...
The segmentation of the territory is grounded in several criteria, including natural resources (as gathering around lakes), infrastructure (as remoteness shapes social and economic interactions), land tenure (which depends on the tribe’s history), local norms and customs, and self-claim to ...
An economic indicator is only useful if one interprets it correctly. History has shown strongcorrelationsbetweeneconomic growth, as measured by GDP, and corporate profit growth.1However, determining whether a specific company may grow its earnings based on one indicator of GDP is nearly impossible....
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