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The Dutch Tulip Mania (aka Tulipomania, aka Tulip Bubble) Explained in One Minute
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The Dutch tulip mania (also referred to as tulipomania or tulip bubble) took place in the 17th century and represents humanity's first recorded asset bubble.
As strange as the idea of a tulip mania or asset bubble involving tulips may seem, things initially made sense. However, as time passed, prices spiked up dramatically and everyone wanted to be involved in the tulip mania.
The tulip bubble, just like all of the other bubbles that followed it, had many winners but even more losers. Fortunes were made during the tulip mania but even more fortunes were lost.
At the end of the day, the Dutch tulip mania is more than an economics lesson or history lesson. The Dutch tulip bubble of the 16th century tells us quite a bit about human nature and as such, represents a truly fascinating piece of economic history that everyone needs to understand properly.
Please like, comment and subscribe if you've enjoyed this video.
Oh and I've also started playing around with Patreon, my link is:
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Last but not least, if you'd like to follow me on social media, use one of the links below:
As strange as the idea of a tulip mania or asset bubble involving tulips may seem, things initially made sense. However, as time passed, prices spiked up dramatically and everyone wanted to be involved in the tulip mania.
The tulip bubble, just like all of the other bubbles that followed it, had many winners but even more losers. Fortunes were made during the tulip mania but even more fortunes were lost.
At the end of the day, the Dutch tulip mania is more than an economics lesson or history lesson. The Dutch tulip bubble of the 16th century tells us quite a bit about human nature and as such, represents a truly fascinating piece of economic history that everyone needs to understand properly.
Please like, comment and subscribe if you've enjoyed this video.
Oh and I've also started playing around with Patreon, my link is:
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Last but not least, if you'd like to follow me on social media, use one of the links below:
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