Tulip Mania and the Stock Market

Is a tulip bulb worth $76,000? It is if people are willing to pay that much for it and that's exactly what happened in Holland in the 1630's. If it sounds unbelievable, you may have never heard of Tulip Mania. The story began in 1559 when Conrad Guestner brought the first tulip bulbs from Constantinople to Holland and Germany, and people fell in love with them. Tulip bulbs quickly became a status symbol for the wealthy as they were beautiful and hard to get. (more…)
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