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tulip mania financial bubble Dutch Golden Age tulip craze history economics

In the 17th century, the Netherlands experienced a phenomenon known as tulip mania, when the prices of tulip bulbs soared to astronomical levels. Some rare tulips were worth more than a mansion on the Amsterdam Grand Canal. But what caused this frenzy, and how did it end? Was it really the first example of a financial bubble in history, or has it been exaggerated over time? In this video, we explore the fascinating story of tulip mania, its causes, consequences, and lessons for today's investors.

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