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Books > History > History of specific subjects > Economic history
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Boom and Bust - A Global History of Financial Bubbles (Hardcover, New Ed)
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Boom and Bust - A Global History of Financial Bubbles (Hardcover, New Ed)
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Why 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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