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The Dutch Tulip Bubble of 1637
The later part of the 20th century saw its share of odd financial bubbles. There was the real-estate bubble, the stock market bubbles, and the dot com bubble, just to name a few. In each instance of price inflation people paid exorbitant amounts for things that shouldn’t have been worth anything like the going price. And each time people stood around afterwards and said “What were we thinking?”
One has to believe that the same thought occurred to the Dutch in the 17th century when they settled down after their bout with tulipomania, wherein the humble tulip bulb began to sell for prices to make New York Realtors blanch.
As much as the tulip is associated with Holland, it is not native there. Rather it was introduced in 1593 by a botanist named Carolus Clusius, who brought it from Constantinople. He planted a small garden, intending to research the plant for medicinal purposes. Had Clusius’s neighbors been morally upright, the tulip might still be a rare exotic in the gardening world. Instead they broke into his garden and stole some of his bulbs in order to make some quick money, and in the process started the Dutch bulb trade
http://www.damninteresting.com/the-dutch-tulip-bubble-of-1637/
Just sayin!
Tags:
George Soros is behind on his payments...
Word for the Dems.....Did you guys really want this witch for POTUS
It has been going on for a while...California is Mexico.
Maxine Waters Daughter was pd $650k out of campaign fund.
Weiner had emails in folder marked Life Insurance
http://www.baltimoresun.com/news/maryland/politics/bs-md-democratic... Cant make this up...
I became confused when I heard the word "Service" used with these agencies:
Internal Revenue 'Service'
U.S. Postal 'Service'
Telephone 'Service'
Cable / TV 'Service'
Civil 'Service'
City, County & State Public 'Service'
Customer 'Service'
This is not what I thought 'Service' meant.
But today, I overheard two farmers talking,
and one of them said he had hired a bull to ' Service' a few cows.
BAM !!! It all came into focus.
Now I understand what all those agencies are doing.
I hope that you are now just as enlightened as I am!
ol...That certainly explains everything.
Hank, I would argue that that would depend on the reach around.
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