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Friday, April 10, 2009

Dutch Tulip Bubble

Throughout history, there have been many financial bubbles. There has been repeatedly an "irrational exuberance" of crowds sending investments soaring only to crash back to reality. One of the more odd ones was the Dutch Tulip Mania, where the price for Tulips exploded, sucking in huge investments only to crash.

The madness of crowds can be so powerful that during the Dutch Tulip Mania, certain tulip bulbs became the most expensive object on EARTH in 1637!

Reading history helps keep perspective on economic bubbles. I found this comic particularly funny, which inspired this short post.
From WebSurfinMurf's Financial Blog

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