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Ten Greatest Speculative Bubbles in History Infographic
SMPP Software ProviderAn economic bubble is a very special financial term, generally known to average citizens. We all remember some interesting examples of financial bubbles from our history and economic lessons, such as Tulip Mania, where prices for tulips grew so inflated in the 17th century Holland, that people would sell their houses and livestock, to possess a bulb for a few days, with the intent to sell it for higher price in a short time frame. This rudimentary derivatives market worked great for a time, until, well, people realized, that the trading doesn't have any sound reasoning and some just refused to honor their contracts, resulting in the rows of bankruptcies. This economic fiasco ended the Dutch golden age, leading the economy into recession.
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  • JoinedJune 10, 2016
  • Country India
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