From the 17th century to the present, the world financial system has suffered speculative crises that have shaken the economic foundations of the entire planet.
Man is the only animal capable of stumbling over the same stone twice. But in the financial world there are many blows caused by falling into the same mistakes, by getting carried away by speculation and risk, and by overvaluing trends or sectors that over the years only bring misfortune for the majority, and wealth for the a few.
From the speculative lure of tulips to the 'junk mortgage' bubble. All of them have a similar 'modus operandi', started by a period of excessive investment and overvaluation, and ended by the outbreak of a global economic crisis that in a matter of minutes has already spread like a plague that will be sustained for a long time. The contagion effect caused by these bubbles has a massive reach quickly.
The irrational conviction that prices will always continue to rise has led in many cases to inflating these bubbles, full of investors imbued with ambition. Economically buoyant periods are usually the most propitious for the creation of these 'illusory balloons', as well as times with periods of important innovation. In this sense, it can be from the appearance of the train or the ship, to the launch of the Internet.
Far from learning from mistakes, over time the economic system is shaken again by situations that are once again familiar to us. The bubbles are again present. When one is punctured and deflated, over the years another balloon will inflate, the consequences of which may even exceed the previous ones.
Will we soon suffer a bubble like the ones we mention in this gallery? With low-interest rates and low inflation, investors want to get a return on their money, despite the enormous risk they are taking.
The boom that cryptocurrencies are taking sounds the alarm for a possible next financial crisis. For no apparent reason, its value has increased excessively, one of the common reasons for the appearance of these critical economic episodes in history.
We number you in chronological order and we explain the biggest economic bubbles in history.
