But not always: whereas the Wall Street boom of the 1920s ended in the Great Depression, the
tulip bubble of the 1630s seems to have had little impact on the Netherlands' medium-term growth path.
Many outside observers will chalk up crypto as yet another
tulip bubble.
Yes, is probably the short answer, although perhaps not to the same extent as with the
tulip bubble because of the difference in technology and communications between the 17th century and today.
On the other hand, as we've seen often in history - whether it's the canal mania of the 18th century or the first internet boom - this could just be a
tulip bubble, and soon to burst.
And before that, there was the Dutch
tulip bubble of the 1630s.
They should also pay more attention to the new trends and rules of the post-credit crisis world as well a the long history of asset price bubbles going back to the Dutch
Tulip Bubble in the 17th century.
If we speak about psychological factor[s], it's interesting that economic bubbles have been a constant reality in human history--going back to the Dutch
tulip bubble in the 18th century.
Goldgar deftly dispels many of the long-held myths about the devastating blow the crash made on the overall health of the Dutch economy and even notes that the commentators and playwrights greatly exaggerated the number of individual hardships and bankruptcies associated with the popping of the
tulip bubble.
The
tulip bubble may be better known, but we have almost no reliable price data for it.
For the great economic historian Charles Kindleberger, the
tulip bubble serves as a prime example of speculation.
The
tulip bubble is one of the great legendary bubbles of all time, but there were just so many tulips that Dutch growers could plant, and there were just so many potential tulip buyers.
Unlike the
tulip bubble in 17th-century Holland (where the price of rare tulip bulbs rose to levels higher than many large homes and estates), there is real value in Lebanese property - but it remains unclear exactly how much.
