Part 1/10:

The 1997 Asian Financial Crisis: A Study in Economic Collapse

The late 1990s marked a high point for Southeast Asia and South Korea, with many characterizing the region as the shining star of economic growth. Investment banks, hedge funds, and financial institutions rushed to funnel money into these markets, viewing them as ripe opportunities for profit. As the world watched these economies thrive, not a soul could have predicted the calamity that would ensue after July 2, 1997—a date that would forever be etched in financial history as the beginning of one of the largest financial cataclysms in modern times.