BUBBLES in the history of economies

Here is a text which has direct reference to "Taming Global Village Risk II: Understanding and Mitigating Bubbles " by Rodney N. Sullivan CFA Institute
1) TULIPS (Holland 1634-37)

The appearance of the world’s first stock exchange (Amsterdam), the development of the modern corporation (Dutch East India Company), and the invention of derivatives (options on tulips) partnered to revolutionize investing. Interestingly, Holland was also the site of the world’s first recorded asset bubble, the much storied Dutch tulip bubble, often referred to as "tulip mania," during the years 1634–1637.

2) Mississippi Shares: France (1719–1721)

In the early 1700s, Scottish businessman John Law and the French government introduced an innovative financial architecture to solve France’s financial woes. Among these innovations, Law introduced paper or fiat money to Europe. Law’s contribution to bubble history came with the Mississippi Company. Exaggerating Louisiana’s wealth, Law convinced France to convert its national debt into tradable equity shares in the formerly derelict Mississippi Company. The government, in return, granted the Mississippi Company monopoly trading rights to the territories of Louisiana. With the market awash in liquidity, the equity shares rose some 65 fold before ultimately collapsing. Law’s conversion of paper into money, together with other innovative financial engineering and Law’s selling of shares in the Mississippi Company, precipitated a frenzy of speculation that ultimately produced the very first stock market crash, in 1720.

3) South Sea Shares: Great Britain (1719–1720)

British fashioned the South Sea Company to mimic the success of the Mississippi Company in raising money for the government. It had the same result.

4) U.S. equity market bubble (1921-1932)

5) Real estate and stocks: Japan (1965-?)

6) NASDAQ Stocks (1999-2000)

7) Real estate and credit: Global (2004-2009+)

This bubble was characterized by innovative and overconfident lenders crowded around the table to package mortgage loans and overconfident investors speculating on real estate asset prices. Easy credit was facilitated by easy monetary conditions, and weak regulatory oversight allowed systemwide excess in borrowing and risk taking. A self-reinforcing positive feedback loop ultimately led to a self-reinforcing negative feedback loop and ensuing risk cascade.