Curated category
Economic bubbles
- 2008 financial crisisIn 2004, the Federal Reserve began raising interest rates after years of keeping them near zero. This shift marked the end of an era where cheap money fueled…
- Financial crisisA financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value.
- Economic bubbleThe phrase economic bubble first appeared in the 1711 to 1720 British South Sea Bubble. This financial crisis involved inflated stock prices for a specific…
- Canal ManiaThe Duke of Bridgewater opened his canal in 1761 to move coal from Worsley to Manchester. Construction costs were high, yet the price of coal in Manchester…
- Railway ManiaThe Liverpool and Manchester Railway opened in 1830. It proved successful for transporting passengers and freight across the United Kingdom.
- Japanese asset price bubbleOn the 22nd of September 1985, five nations signed the Plaza Accord in New York. Japan, the United Kingdom, France, West Germany, and the United States…
- AI winterIn 1984, the annual meeting of the American Association for Artificial Intelligence became a stage for a public debate that would define a generation of…