Can anyone give me some special details to the Tulipmania?
Tulip mania stock market crash diagram??
During the 1600's, tulip bulbs became so popular that the economy of Holland was based primarily on their sale. Land was traded in exchange for bulbs, and brokers contracted to purchase bulbs in advance of their actual growth. Astronomical sums were paid for single rare tulip bulbs. But as the tulip craze faded, so did the market value of bulbs. A sell-off in 1636-7 caused the Dutch economy to collapse. Today, the term tulip-mania refers to any stock offering that rises meteorically only to collapse under its over-inflated cost.
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