In the 17th century, the Netherlands was struck by the world’s first investment bubble. They weren’t investing in stocks or bonds, or real estate. They were investing in…..tulip bulbs.
Tulip bulbs became a mania, and even common people were spending money on tulips. The price of some tulip bulbs rose so high that, at one point, a single bulb was worth ten times the annual salary of a laborer.
Learn more about Tulipmania on this episode of Everything Everywhere Daily.
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