Speculation in 1980s Taiwan
The financial bubble that gripped Taiwan in the 1980s is one of the greatest that the world has ever seen. Stock prices went up by more than 12x in less than four years.
At the peak of the bubble, over 5 million - one-third of all Taiwanese over the age of 15 - were actively playing the stock market.
This is the story about the boom and the bust of Taiwan’s little-discussed but spectacular stock market bubble, as retold in the book The Great Taiwan Bubble by Steven Champion.