In the investment scene, the mania for tech stocks hurled the stock market to unprecedented heights. Books were published stating that redwoods really can grow so high they will reach the moon, and people believed them. The bubble burst, of course, and though many people lost their nest eggs a lot of writers made money on the deal, so it was not a total bust.
It is in the light of these crazes that we look back in wonder at some of the crazy things people did in the past, and get at least a partial understanding of how it happened.
For example, people sitting atop poles.... In the 4th century, Pillar Saints like St. Simeon Stylites did it for God (demonstrating that they were abandoning the temptations of this world and sitting on pillars in the desert.) But why did all those crazy folks do it again in thirties? A guy named Shipwreck Kelly climbed atop a pole for 13 days in the winter of 1930. This made news, as do most crazy things people do in New York on a slow news day.
The stunt was pulled numerous times over the next decade, but occasionally police had to intervene because the crowds below were blocking traffic. Others imitated the stunt, staying atop flagpoles and telephone poles for days, weeks, even months on end. Please don't ask me how they went to the bathroom. Maybe that's what drew the crowds. What draws the risk takers is self-evident: 15 minutes of fame.
Speaking of endurance tests, what about those dance marathons that were a craze circa 1928-1930? There were times when I wanted to dance all night, but not many times I wanted to dance all week.
The chain letter craze, contest craze, the Confederate flag craze, the Scrabble craze, the Barbie Doll craze, the goldfish eating craze -- it seems the American way to get crazy over the latest thing for a season.
The Yo-Yo craze of 1951 made Luck, Wisconsin the Yo-Yo capital of the world. A guy named Duncan became the Henry Ford of the Yo-Yo industry.
Miniature golf hit the scene in 1927.... three years later, there were 40,000 courses taking in 225 million dollars in a single year... which is eighteen gazillion in today's dollars. Elizabeth, Queen of Belgium, was addicted to the game. Even mobster Al Capone began investing in the craze.
Pet rocks made an out of work ad agency creative Gary Dahl into a millionaire. Their popularity was chiefly due to the ease with which they could be trained to sit and stay. And they never barked at rabbits, squirrels or deer in the yard. The craze lasted about six months.
To be sure, every age has its foolishness. In recent years, perhaps Reality TV fits the bill. Or the new game shows like Who Wants To Be A Millionaire? which aired not just weekly but almost daily for a spell. What will be next? I haven't got a clue... To quote from my poem The Future Remains Unwrit:
We're a complicated people,
a mixed and crazy breed.
We can always blame our parents,
for we're all of Adam's seed,
though in fact it changes nothing
and there's nothing guaranteed.
The future remains unwrit.
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