Earth & Conservation

Mega-Skyscrapers Are A Sign Of Economic Collapse

Skyscrapers are usually associated with economic success, but some economists say they're the sign of a financial bubble about to burst.

From the pyramids, to enormous cathedrals, the Empire State Building and beyond, the race to build the tallest monuments continues.

Starting in the 20th century, the first set of skyscrapers was in New York, with the Chrysler Building in 1930. Within the next year, a new building popped up, the Empire State Building. For the next four and a half decades, New York held the record for the world's tallest buildings. In 1974, Chicago took the throne with the Sears Tower, holding the record for nearly 25 years until Malaysia grabbed it in 1998. So why has this competition persisted for so long and does the quest for building the world's tallest skyscrapers coincide with economic bubbles?

Learn More:

PBS: Are skyscraper races a warning of economic chaos to come?

BBC: Offices stand empty in tallest tower, the Burj Khalifa

The Washington Post: Charted: The tallest buildings in the world for any year in history