Boom and Bust: A Global History of Financial BubblesWhy do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks. |
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Contents
TheBubbleTriangle | 1 |
The First Emerging Market Bubble | 39 |
The Great Railway Mania | 58 |
The Australian Land Boom | 77 |
The British Bicycle Mania | 98 |
The Roaring Twenties and the Wall Street Crash | 115 |
Japan in the 1980s | 134 |
TheDotComBubble | 152 |
Other editions - View all
Boom and Bust: A Global History of Financial Bubbles William Quinn,John D. Turner Limited preview - 2020 |
Common terms and phrases
allowed American asset Australian average banks became become bicycle bonds boom borrowed British bubble calls capital caused cent China’s collapse Commission companies corporations cost countries crash created cycle Data debt December deposits early economic effect England fall Federal Figure Financial Crisis firms followed funds further future growth History housing increase industry initial institutions interest investment investors Ireland issued Japan Japanese John July land land-boom lending loans London major Mania March million mines mortgage NASDAQ newspapers Notes October peak political potential Press profit promotion Railway reduced Report Reserve result rise rose scheme Second securities sell share prices shares short Sources South Sea Spain speculation Stock Exchange stock market substantial suggested Table trading United University York
Bibliographic information
| Title | Boom and Bust: A Global History of Financial Bubbles |
| Authors | William Quinn, John D. Turner |
| Edition | illustrated |
| Publisher | Cambridge University Press, 2020 |
| ISBN | 1108421253, 9781108421256 |
| Length | 296 pages |
| Subjects | › › Business & Economics / E-Commerce / Online Trading Business & Economics / Economic History Business & Economics / Economics / General Business & Economics / Economics / Microeconomics Business & Economics / Finance / General Business & Economics / General Business & Economics / Investments & Securities / Stocks |
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