The Tulip Speculation Bubble

by Read Listen Learn · Flora · Intermediate

A few hundred years ago, a diplomat in Istanbul fell in love with a flower not found in western Europe. He sent some tulip bulbs home so that his friends could grow them in their gardens. Some time later tulips became a craze in Holland and people even bought and sold the bulbs while they were still in the ground as prices rose higher and higher. Then, suddenly, it all stopped and many people lost everything. (890 words)

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