Economy
Tulip mania didn't crash the Dutch economy
HERE’S THE INTERESTING PART
The famous 17th-century Dutch tulip crash is universally cited as the first devastating economic bubble, but the historical truth is far less dramatic. While some rare bulbs did trade for outrageous sums among a few wealthy merchants, it did not ruin the national economy or bankrupt regular citizens. The catastrophic narrative was largely fabricated by religious moralists decades later.
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