Thursday, April 2, 2015

Bubble Manias

The Tulip bubble in 1637 in Netherlands:Some flower shops sold 1$ then 2$. why could they do this because of free trade and it x 2 more expensive then houses  until the economy crash and all the tulip buyers and sellers wend bankrupt.

The .com bubble in 1997 in .U.S.A.:Many smart people started reading books and there was internet and the smart people was reading about internet and it struck them to start a program they ask people for money$ and build a compeney but wait THEY DID NOT KNOW HOW TO START A PROGRAM so they spend it on Ferrari and nice stuff and the bubble pop.  

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