1637 - Tulipmania. Speculation by traders in the Netherlands led to wildly inflate prices of Tulips and Tulip bulbs. 1797 - Land speculation bubble led to downturns in UK and the US 1819 - Land speculation, independent and unrestrained issue of paper money by banks. Led to the establishment of central banking and federal monetary policy. (the first peace-time financial crisis) 1837 - President Andrew jackson orchestrated the movement of government funds from the federal Second Bank of the United States to smaller state banks. People lost confidence in the banking system and there was a recession. 1857 - Overspeculation in the railroad industry led to a bubble and bust. The first global finaincial crisis since investors worldwide were invested in the american railroad industry. 1884 - Gold reserves in Europe were depleted. NYC based national banks halted investment in the United States (to cover bond losses abroad) 1901 - The first stock market crash of NYSE. Caused by stock cornering to take control of the Nothern Pacific Railway. Harriman, Schiff, JPMorgan, James Hill. Ruined a lot of people that year - the trade was financed by the Standard Oil Company. 1907 - The "Banker's Crisis". 50% drop in the value of the NYSE. Widespread dumping of bank stocks triggered by failed speculation (done by just two brokerage firms) that led to a market-wide liquidity crunch. 1929 - The Great Depression - stock speculation - bubble and crash leading to a ten year recession. 1937 - Unemployment spikes again during the great depression. Characterised by decline in industrial production and profits. This was the aftershock of the financial collapse hitting the industrial sector. 1974 - Global stock market crash. Hit the UK the hardest. Caused due to the collapse of the Bretton Woods system, dollar devaluation and the Oil Crisis of '73 when OAPEC countries staged a global oil embargo. 1987 - Black Monday. The first "Quant Crash". Global stock market crash that is attributed to program trading, market psychology (hysteria), and illiquidity. 1992 - Collapse of the European Exchange Rate mechanism. Caused by Hedge Funds and speculative investors. Led to a crash in the value of the british pound and the Deutsch Mark. 1997 - The Asian Financial crisis. Led to steep decline in the value of several South East Asian Currencies. Started when the Thai Bhaat could not support its peg against the US dollar - Thailand was effectively bankrupt. 2000 - The Dot-com bust. The collapse of the stock prices of internet companies. 2008 - Worldwide financial (almost) collapse due to sub-prime mortgage bubble bursting. subsequent global recession.
Gonna make so much $$$ shorting REITS in the next 6-12 months :D