New Markets
Friday, 7/3, 09:46 PM
Tulip Mania: The First Financial Bubble — and Why Most of What You've Heard Is Wrong
- In 1630s Holland, the story goes, tulip bulbs traded for the price of houses before the market collapsed and ruined a nation.
- It's the original cautionary tale of speculative mania — and, historians now argue, mostly a myth.
- Both the legend and the correction are worth knowing.