{"id":30131,"date":"2015-05-04T06:03:45","date_gmt":"2015-05-04T06:03:45","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=30131"},"modified":"2024-04-03T13:16:45","modified_gmt":"2024-04-03T07:46:45","slug":"skyscraper-index","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/skyscraper-index\/","title":{"rendered":"Skyscraper Index"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/Skyscraper-Index.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-30175\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/Skyscraper-Index-300x144.jpg\" alt=\"Skyscraper Index\" width=\"300\" height=\"144\" srcset=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/Skyscraper-Index-300x144.jpg 300w, https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/Skyscraper-Index.jpg 324w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Skyscraper Index\u00a0is a concept put forward by Andrew Lawrence,\u00a0in January 1999,\u00a0which showed that the world&#8217;s tallest buildings\u00a0have risen right before economic downturns. \u00a0Business cycles\u00a0and skyscraper construction correlate in such a way that investment in skyscrapers peaks when cyclical growth is exhausted and the economy is ready for\u00a0recession. The buildings may actually be completed after the onset of the recession.<\/p>\n<p>Some of the examples are listed below:<\/p>\n<p>The world&#8217;s first skyscraper, New York&#8217;s Equitable Life building, 166 metres, was finished in 1873 during a five-year recession from 1873-1878.<\/p>\n<p>The\u00a0Singer Building, 187 meters tall, and\u00a0Metropolitan Life Insurance Company Tower, 247 meters, were launched in New York before the panic of 1907 in 1908 and 1909, respectively. Met Life remained the world&#8217;s tallest building until 1913.<\/p>\n<p>Empire State Building, 443 meters tall, was launched in 1931, shortly before the\u00a0Wall Street Crash of 1929. Chrysler building, 319 meters, opened to the public in 1929 as well.<\/p>\n<p>The World Trade Centre\u00a0towers (541\u00a0m) and\u00a0Sears Tower (442\u00a0m), opened up in 1973, during the\u00a01973\u20131974 stock market crash\u00a0and the\u00a01973 oil crisis.\u00a0Petronas Twin Towers, 452\u00a0m high, opened up in the wake of the\u00a01997 Asian Financial Crisis\u00a0and held the world height record for five years.<\/p>\n<p>Taipei 101<strong>, <\/strong>449\u00a0meters high, opened in 2004, after the dot com bubble of 2000-2003<\/p>\n<p>Burj Khalifa, 828 meters high, opened in 2008, in the middle of The Great Recession of 2007-2009.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/certifications\">Click here for government certifications<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skyscraper Index\u00a0is a concept put forward by Andrew Lawrence,\u00a0in January 1999,\u00a0which showed that the world&#8217;s tallest buildings\u00a0have risen right before economic downturns. \u00a0Business cycles\u00a0and skyscraper construction correlate in such a way that investment in skyscrapers peaks when cyclical growth is exhausted and the economy is ready for\u00a0recession. The buildings may actually be completed after the&#8230;<\/p>\n","protected":false},"author":1052,"featured_media":30175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1560],"tags":[1102,1568,2137],"class_list":["post-30131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbit","tag-business","tag-economics","tag-growth"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Skyscraper Index - Vskills Blog<\/title>\n<meta name=\"description\" content=\"Skyscraper Index; an interesting concept on economic downturns. Apply for a Vskills certification now. 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