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During the 1600s there was Tulip mania in Holland where tulips were more valuable than gold. This is the first reported economic bubble. When people came to their senses the bubble burst and caused the market to crash.
During the 1600s there was Tulip mania in Holland where tulips were more valuable than gold. This is the first reported economic bubble. When people came to their senses the bubble burst and caused the market to crash.
The tulip has an interesting history ---- In 1634, tulip bulbs were a form of currency in Holland.