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Economies in meltdown: lessons from past financial crashes

HistoryExtra podcast

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The Effect of Euphoria on Stock Prices

The euphoria around the ability to sell online and e-commerce led to this massive bubble, the dot com bubble. At that point, Al Gore's vision of an information superhighway using fiber optics was years in the future. So when you have all these fancy websites that, you know, have 3D graphics to sell their goods, it didn't really work. What goes up will come down. Inevitably.

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