50 Things That Made the Modern Economy   /     Tulips

Description

In the 1630s, the Netherlands experienced 'tulip mania' - a surge in demand for tulips from wealthy buyers, with some individual bulbs costing twenty times more than a carpenter's annual salary. Then, in February 1637, the price suddenly crashed. It's often cited as the first great financial bubble, but is that really the case? Tim Harford tries to sort fact from fiction.

Subtitle
Did colourful flowers really cause a financial bubble?
Duration
601
Publishing date
2020-01-27 02:00
Link
http://www.bbc.co.uk/programmes/w3csz2xh
Contributors
  BBC World Service
author  
Enclosures
http://open.live.bbc.co.uk/mediaselector/6/redir/version/2.0/mediaset/audio-nondrm-download-low/proto/http/vpid/p081b18k.mp3
audio/mpeg