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In this episode we turn to one of the most iconic, technologically defining, and psychologically revealing bubbles in modern history: the Dot-Com Bubble of 1995 to 2000.
This is the story of how the commercialization of the Internet ignited the greatest speculative frenzy the world had seen since the 1920s. A tidal wave of optimism swept over investors as they poured money into anything with a “.com” in its name.
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In this episode we arrive at one of the most infamous and consequential financial catastrophes in modern history: the Wall Street Crash of 1929 and the Great Depression that followed in its wake.
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Today we step into the smoky, clanging, coal-fired world of the 1840s British railway boom — an episode known to history as Railway Mania.
This is the story of how a genuinely transformative technology, the steam locomotive, collided with unchecked speculation, easy credit, a national obsession wit…
In this episode we turn to one of the most extraordinary and longest-lasting asset bubbles in modern history: the Japanese Asset Price Bubble of the late 1980s and early 1990s.
This is the story of how Japan—once the miracle economy of the postwar world, the nation that seemed poised to overtake th…
In this episode we step forward less than a century to the twin financial catastrophes of 1720: the Mississippi Bubble in France and the South Sea Bubble in Britain.
These two events unfolded almost simultaneously, separated only by the English Channel, yet they are profoundly linked by shared idea…
In this episode, we move closer to our own time—to October 19, 1987, the day known forever as Black Monday.
This is the story of the largest single-day percentage drop in stock-market history: the Dow Jones Industrial Average fell 508 points, or 22.6 percent, in a single trading session. No other d…
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