7 Economic Bubbles That Burst and Forever Altered the Course of History

5. The Roaring Twenties and The Wall Street Crash (1929)

The Roaring Twenties was a time of economic boom in the U.S., with the stock market soaring to new heights. However, this growth was unsustainable, and in 1929, the stock market crashed, marking the beginning of the Great Depression. The collapse led to widespread economic hardship and sparked major changes in U.S. financial policy, including the creation of the Securities and Exchange Commission (SEC) to oversee and regulate the stock market, aiming to prevent future crashes.