The world experienced its first economic bubble when the Dutch went bonkers for tulips in the 1630s.
AI Summary
This episode dives into Tulip Mania, the wild 17th-century Dutch craze often cited as history's first economic bubble, where a single flower bulb could fetch prices rivaling a modern fortune. Josh and Chuck break down how status-obsessed nobility, feverish speculation, and futures contracts turned tulips into an economic frenzy that swept up everyone from aristocrats to tradespeople. It's a quick, cautionary tale about greed, hype, and what happens when a bubble—economic or otherwise—finally pops.
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