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#43: Tulipmania // When Flowers Cost More Than Houses
Description
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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Keywords: Learn English, vocabulary, lessons, idioms, aprende inglés, idiomas, aprender inglês, apprendre l'anglais, imparare l’inglese, ingilizce öğren,英語を習う, تعلم الإنجليزية