In the 1630s, the Dutch experienced "Tulip Mania," when tulip bulbs became more valuable than gold, peaking at 5,000 guilders per bulb. This frenzy gripped many, resulting in the bulb being worth more than many homes. Tulip Mania marked the first recorded economic bubble. While many lost fortunes, modern research shows that the overall Dutch economy wasn't as impacted as once thought.  #History #TulipMania #Economics #DutchGoldenAge | The History Page | Facebook
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