[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-33460-en":3,"doc-seo-33460-105":30},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},33460,8796095462418,"Noah","https://ap-avatar.wpscdn.com/avatar/80000253c1241d02b47?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778826106357471780",8,"Research & Report","Manias, Panics and Crashes: A History of Financial Crises","Financial history of market extremes, focusing on how speculative manias escalate, how panic spreads when confidence collapses, and how crashes reshape economies. Traces recurring dynamics in major financial crises, highlighting key triggers, feedback loops, and systemic vulnerabilities that turn rapid price gains into abrupt failures. Offers a structured, historical lens for understanding recurring patterns of risk-taking, leverage, liquidity stress, and policy responses across cycles.","","cbCaiiqPtH3oMx8b","https://ap.wps.com/l/cbCaiiqPtH3oMx8b","pdf",998621,2,1,318,"English","en",105,"# Overview\n## Manias: Speculative Expansion\n## Panics: Confidence Collapse\n## Crashes: Systemic Breakdown","[{\"question\":\"What are the main stages described in the history of financial crises?\",\"answer\":\"The framework centers on manias (speculative build-up), panics (rapid loss of confidence), and crashes (systemic breakdown).\"},{\"question\":\"Why do financial crises recur across different time periods?\",\"answer\":\"Common drivers—such as rising speculation, tightening conditions, and feedback loops of fear and liquidity stress—tend to reappear in new cycles.\"},{\"question\":\"What is the purpose of presenting crises in a historical pattern?\",\"answer\":\"A historical approach helps readers identify repeatable mechanisms behind risk-taking and policy responses rather than treating each event as isolated.\"}]",1782210474,801,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":15,"description":14,"schema_data":34,"social_meta":85,"head_meta":87,"extra_data":89,"updated_unix":28},"manias-panics-and-crashes-a-history-of-financial-crises",{"@graph":35,"@context":84},[36,52,67],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,46,49],{"item":40,"name":41,"@type":42,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":20},"https://docshare.wps.com/document/","Document",{"item":47,"name":12,"@type":42,"position":48},"https://docshare.wps.com/document/research-report/",3,{"item":50,"name":13,"@type":42,"position":51},"https://docshare.wps.com/document/manias-panics-and-crashes-a-history-of-financial-crises/33460/",4,{"url":50,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":24,"description":14,"dateModified":60,"datePublished":61,"encodingFormat":59,"isAccessibleForFree":62,"interactionStatistic":63},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-02","2026-06-23",true,{"@type":64,"interactionType":65,"userInteractionCount":20},"InteractionCounter",{"@type":66},"ViewAction",{"@type":68,"mainEntity":69},"FAQPage",[70,76,80],{"name":71,"@type":72,"acceptedAnswer":73},"What are the main stages described in the history of financial crises?","Question",{"text":74,"@type":75},"The framework centers on manias (speculative build-up), panics (rapid loss of confidence), and crashes (systemic breakdown).","Answer",{"name":77,"@type":72,"acceptedAnswer":78},"Why do financial crises recur across different time periods?",{"text":79,"@type":75},"Common drivers—such as rising speculation, tightening conditions, and feedback loops of fear and liquidity stress—tend to reappear in new cycles.",{"name":81,"@type":72,"acceptedAnswer":82},"What is the purpose of presenting crises in a historical pattern?",{"text":83,"@type":75},"A historical approach helps readers identify repeatable mechanisms behind risk-taking and policy responses rather than treating each event as isolated.","https://schema.org",{"og:url":50,"og:type":86,"og:title":13,"og:site_name":57,"og:description":14},"article",{"robots":88,"canonical":50},"index,follow",{"doc_id":7,"site_id":25}]