FORMOSA FILES PODCAST S5-E8 - Taiwan’s Stock Market Bubble – And the Crash of 1990
Shortly after the Lunar New Year of 1990, the Taiwan Stock Exchange (the Taiex) hit a peak of almost 12,500. Eight months later it had fallen to a low of about 2,500 – an 80% collapse, and one of the worst stock market crashes of all time! In this week’s Taiwan history Formosa Files episode, we’re looking at the “Great Stock Market Bubble” of the late 1980s, when too many people had a lot more money than sense. Taiwan’s financial sector in the late 1980s was so crazy that the Republic of China (Taiwan) got a nickname: “the Republic of Casino”.
#formosafiles #podcasts #taiwan #history #formosa
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The Formosa Files podcast is sponsored by the FRANK CHEN FOUNDATION (陳啟川先生文教基金會)
Website: https://www.frank-chen.org.tw/
This top-rated history podcast tells stories from the history of Formosa (Taiwan) from circa 1600 C.E. - 2000 C.E., via interesting, lesser-known short stories presented in a non-chronological order.
HOSTS: John Ross is an author and co-founder of publisher Camphor Press, which specializes in books on Taiwan and China in English, while Eryk Michael Smith has worked as a writer and journalist for multiple media outlets in Taiwan, including the island's only English-language radio station ICRT (FM 100.7). Both Ross and Smith have lived in Taiwan for well over 20 years and call the island home.
