#43: Tulipmania // When Flowers Cost More Than Houses

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In Holland in the 1600s the price of tulips rose so much that a single bulb reportedly cost more than a townhouse on Amsterdam's grand canal.

Today we look at the real story behind one of the greatest bubbles in history.

• What is a tulip?
• Why are things expensive?
• Why were tulips so expensive in Holland?
• Why were some people in Holland so rich?
• How tulips grow
• Tulip contracts
• The greater fool theory
• When the market crashed
• What really happened
• Have we learned our lesson?
• (BONUS) How to not lose all your money in a financial bubble

Full transcript and key vocabulary available on the website www.leonardoenglish.com/podcasts/tulipmania

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