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To: PetroniusMaximus

Tulipmania may be another version of this.

Tulipmania: The story of a speculative bubble, which took place in the 17th century when Dutch investors purchased tulips, pushing their prices to unprecedented highs.
During Tulipmaina, the average price of a single flower exceeded the annual income of a skilled worker and cost more than some houses at that time. This ended in 1637.


48 posted on 08/07/2021 7:22:53 PM PDT by lee martell
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To: lee martell

“During Tulipmaina, the average price of a single flower exceeded the annual income of a skilled worker and cost more than some houses at that time. This ended in 1637.”

At first glance this may seem impressive, but when you consider that in 1637 the average price for a mud hut was 23 cents .. .


52 posted on 08/07/2021 8:07:59 PM PDT by Spaceman49
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