2023-07-24 19:16:16
Published on July 24, 2023 at 9:16 p.m.
Financial innovations are supposed to fill the wallets of the greatest number… Except when they do not work. Panorama of the greatest economic failures of the last hundred years.
Cycling regularly triggers passions, and even those of investors, sometimes. Each summer, the Tour de France offers the same scenes of collective hysteria on the edges of the roads of the mountain stages. The edition that ended this Sunday was no exception. But the little queen also triggered an episode of financial frenzy at the end of the 19th century. With a nice bubble that ended up bursting like a common used tire.
From the 1890s, bicycles invaded the streets of Britain. Good for health, practical, inexpensive, the bicycles of those years are beginning to resemble those of today. And like today, they are described as a healthy alternative to the dominant means of transport of the time: the horse-drawn carts, whose excrement pollutes the cities. The bicycle of the 1890s enjoys the same positive image as electric vehicles of the 2020s.
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#bicycle #bubble #1890s #cryptocurrencies