Events with tag - Economic Disaster

June 24, 1720

South Sea Bubble Peak and Collapse

The South Sea Company's stock reached an astronomical peak of £1,050 per share before catastrophically collapsing to £124, marking one of history's most significant financial crashes and reshaping Britain's financial system.

September 2, 1720

South Sea Bubble Crash

The South Sea Bubble of 1720 was one of history's most notorious financial disasters, when shares of the South Sea Company plummeted from £1,050 to below £200 in weeks, causing widespread economic panic and leading to major financial reforms in Britain.

October 29, 1929

Great Depression Begins

The Great Depression began with Black Tuesday on October 29, 1929, when the stock market crashed, leading to the most severe economic downturn in modern history. The crisis spread globally, causing widespread unemployment, mass poverty, and profound social changes that would reshape society for decades.