I find tulips to be incredibly beautiful, and I LOVE the wide variety of colors they come in. The only thing I know about tulips is the Dutch tulip mania. The Dutch tulip bubble was an economic-financial episode that occurred in the Netherlands in the 17th century. It is considered the first known speculative bubble in history. In this case, the asset that became the target of intense speculation was tulips, a highly prized flower that, at that time, became increasingly valued by people.
I read about this too, but a friend who had dug deeper into the Tulip mania than me said it's apocryphal. 👀
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apocryphal? Can you clarify?
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meaning it didn’t really happen or most what we heard aren't true, and I could ask some books' name for you to dig. 👀
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I understand that it only lasted for 6 months, but to say it never existed is a bit of a stretch. I don't think this is well explained. What are the arguments for claiming such a thing?
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There have been some articles noting that while there was indeed a craze that crashed, it didn't lead to bankruptcy or financial ruin for anyone. So it'd be like, say, discussing Beanie Babies as a financial crisis.
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