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Lessons from History (Conflicts (WW1 (Horses dominated battlefields for…
Lessons from History
Conflicts
WW1
Horses dominated battlefields for 1000s of years
horses provided speed and cavilary power
initial tactics - sweeping and moving - failed quickly
WW2
Vietnam
Cold War
Economics
Dutch Tulip Bubble
1637
First economic bubble
Tulips deemed fashionable
At its height the tuilip cost the equivalent of 6 times the average person's salary
Stock Market Crash 1929
In Previous Years Stock Market rose 6 fold
ordinary people began buying stocks
people began buying shares on a margin
1929
Stock market overvalued and then crashed leading to the Great Depression
Housing bubble
2008