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4 Wacky Bubbles Weirder Than Bitcoin

Bubbles seem to be a common occurrence

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1636-37: Tulip Mania

tulips 185That’s right, tulips. For the Dutch, they were an exotic import from Turkey and became instantly popular. Tulips became a must-have status symbol for 17th century Dutch citizens.

It didn’t take much to juice the prices since supply was low (tulips take years to grow). At the height of the bubble, a pound of tulips would be worth as much as a nice waterfront estate.

But there was not enough buying power to keep up the momentum and the plunge was swift, which came in early 1637. In the wake, the Dutch economy suffered a grueling depression.

Article printed from InvestorPlace Media,

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