#43: Tulipmania // When Flowers Cost More Than Houses

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In Holland in the 1600s the price of tulips rose so much that a
single bulb reportedly cost more than a townhouse on Amsterdam's
grand canal.


Today we look at the real story behind one of the greatest
bubbles in history.


What is a tulip?

Why are things expensive?

Why were tulips so expensive in Holland?

Why were some people in Holland so rich?

How tulips grow

Tulip contracts

The greater fool theory

When the market crashed

What really happened

Have we learned our lesson?

(BONUS) How to not lose all your money in a financial bubble




Full transcript and key vocabulary available on the website
www.leonardoenglish.com/podcasts/tulipmania


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