Crash of 2692
Financial Event
2692S.E.
Precipitated by the collapse of Colonial Securities Reshare's "Cross-sector Bundle" shares bubble, the Crash took only weeks to reverberate through the Diaspora's financial sector. Values on the Diaspora Investment Shares Exchange plummeted, taking several smaller exchanges out altogether, and the Index lost 64% of its value.
Economic consequences of the Crash included major losses for many established commerce and trading organizations, major recessions in the East Diaspora Multis (due to the loss of the Bangshen Exchange, and destabilization of the Alliance of Vegan Republics.