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ELI5 Tulip Mania - the first speculative bubble and its lessons

ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast
ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast
Episode • Mar 26, 2021 • 8m

Explain the "Tulip Mania" craze in the 1600s in Netherlands and why it was important? Why did people get into trouble with futures and options contracts? How much did a tulip cost at the height of the bubble (in multiples of a person's annual salary)?

 

... We explain like i'm five!

 

Thank you to the r/explainlikeimfive community as always and in particular the following users whose questions and comments formed the basis of this discussion: packersfan8512, diablevert13, ledradiofloyd, omegastar19 & blueskies12

https://en.wikipedia.org/wiki/Tulip_mania

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