In the middle of the financial crisis, comedy website Cracked took a look at some of the more interesting economic meltdowns in history. Read the article here. Who knew that there could be a speculative bubble in tulips 400 years ago?
These days, with all the pundits preaching doom and the impending collapse of society into some kind of Mad Max style wasteland, it’s easy for us to imagine that the economy is as unhealthy as it’s ever been.
But any historian would give you a hard backhanded smack for even saying that out loud. History is full of economic idiocy, and here are five economic collapses that make 2010 feel like the Renaissance.