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Bubble - the World of Things


A bubble refers to an economic term where the price of trading does not match its real value. The term mainly relates to prices expanding based on nothing but air.
Four notable examples of bubbles exist:
  • South Sea bubble, when stock in British companies trading in South America became inflated.
  • Tulip mania, when stock in the Dutch bulbs suddenly inflated.
  • The Wall Street stock market crash, often referred to as the day the bubble burst. This precipitated the Great Depression.
  • The subprime fiasco, when the major finance houses and banks failed. This was triggered by the reversal of protective measures put in place during the Great Depression. This occurred during the administration of President Clinton due to pressure and lobbying from the financial community.
In late 2017, Bitcoin became another candidate for a bubble.
Important dates: February, 1637 (the peak of tulip mania); 1711 to 1720 (the period of the South Sea bubble); 28th October, 1929 (the day the bubble burst); 15th September, 2008 (Lehman Brothers files for bankruptcy marking the height of the crisis during the subprime fiasco); November 2017 (launching of PowaINFRA - an awesome Internet of Things).
This post forms part of the series of posts around 1001 Awesome things.
Now that you know about an awesome thing in the world, discover our awesome world of things...
Visit the website of DS or email info@ds.co.za to discover awesome #IoT solutions and services. We won't burst your bubble.
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