5 July 2018
1 minute read

Busting the Brazilian Bronco: The Enchilamento of 1889-1991

When Brazil’s government in 1889 made it easier for banks to lend, intermediaries made hay before the administration was ousted in a coup and disastrous capital flight ensued. New credit regulation introduced subsequently to reinvigorate the economy simply blew another bubble that burst when foreign investors again pulled back.

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There was a fever, a madness, money spread itself around here in a real flood. One was given the impression that everyone had gone insane.

Evaristo de Morais
The Pit and the Pendulum

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The Pit & The Pendulum: Part I

A history of manias, panics and crashes: the ‘Pit’ refers to the trading pit; the ‘Pendulum’ to how traders’ emotions swing back and forth.
The Pit & The Pendulum: Part II

Ranging from the Dutch tulip bubble of 1637 to Mexico’s Peso crisis of 1994, Part II also explores various manias and panics in 19th century America, including in railroads, land and mines.