You’ve probably heard of the term “economic bubble.” One occurs when a part of the economy grows very fast and then abruptly crashes. Most commonly, we think of housing bubbles like the US housing bubble that burst at the beginning of 2007. But bubbles can happen to anything that’s bought and sold. In fact, one of the most famous economic bubbles was with tulip bulbs in the Netherlands during the first half of the 17th century. Yes, tulip bulbs: the things that grow into flowers.
Since then, tulip prices have remained mercifully low. But that was hardly the end of economic bubbles. And in recent years, few bubbles have combined massive investment with profitless ideas quite so poignantly as the dot-com bubble (and burst!) in the late 1990s.
Infographic by: whoishostingthis.com
Since then, tulip prices have remained mercifully low. But that was hardly the end of economic bubbles. And in recent years, few bubbles have combined massive investment with profitless ideas quite so poignantly as the dot-com bubble (and burst!) in the late 1990s.
Infographic by: whoishostingthis.com