History’s worst financial crises

Why did the crash of 1929 turn into the Great Depression?

In the latest in his series on history’s biggest financial crises, John Stepek looks at how the 1929 stockmarket crash sparked such a dramatic economic collapse.

The Great Depression: How the Wall Street Crash of 1929 unfolded

Wall Street Crash, 1929

In the latest in his series of history’s worst financial crises, John Stepek looks at how the Wall Street Crash of 1929 unfolded.

Did one man trigger the Great Depression?

Billboard about the Hatry crisis © Getty Iamges

Some claim that the downfall of Clarence Charles Hatry was the trigger for the Great Depression. John Stepek looks at what actually happened in the Hatry Crisis of 1929.

How America's roaring ’20s paved the way for the Great Depression

1920s car © Getty Images

In the latest in his series on history’s greatest market crashes, John Stepek looks at the Roaring ’20s, and how the US went from a booming stockmarket to the Great Depression.

How the tulip mania of 1636 became the mother of all bubbles

John Stepek looks at what really happened in the Dutch tulip mania of the 17th century, and asks what it can tell us about the financial system today.

How one of the first big property bubbles led to the Great Depression

John Stepek looks back at Florida’s property boom of the 1920s – and the inevitable crash that followed.

How the Victorian Black Friday shaped modern central banking

Black Friday 1866 © Getty Images

In the latest in his series of stockmarket crashes from history, John Stepek looks at the original “Black Friday” of 1866, and what it tells us about today’s financial system.

A classic stockmarket horror story for October: the Panic of 1907

In the latest of his articles on history’s great financial disasters, John Stepek looks at what the Panic of 1907 can tell us about today’s markets.

What we can learn from the bond market crash of the late 1960s

John Stepek casts an eye back to the slow, painful bond market crash of 1967-71 to see what investors can learn about the current bond bubble.

Here’s what happened the last time the bond market crashed

John Stepek looks back to the “great bond massacre” of 1994 to find out what we can learn about today’s bond bubble.

The brutal global stockmarket crash that hit Britain hardest

In the latest of his series on stockmarket crashes, John Stepek looks at probably the worst in living memory: the crash of 1973/74.

What caused the stockmarket crash of 1987 – and could it happen again today?

The 1987 stockmarket crash was a surprise for many – but some did see it coming. John Stepek explains what caused it, and what it tells us about today’s markets.

The depression you've probably never heard of

The 1920/21 depression was a whopper, with US stocks falling by almost 50%. But now, it’s all but forgotten. John Stepek asks what we can learn from it.

What the South Sea Bubble can tell us about blockchain

The South Sea Bubble of 1720 arose out of an innovation in finance. Is blockchain heading down the same path, asks John Stepek.

How the credit crunch of 1966 set the tone for central banks

John Stepek looks back at the 1966 credit crunch – the first important financial crisis of the post-war period, which set an unhealthy pattern for the future.