Want to create an interactive transcript for this episode?
Podcast: ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast
Episode: ELI5 Tulip Mania - the first speculative bubble and its lessons
Description: 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)? Â ... We explain like i'm five! Â 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 To...