In today's episode, Zack has 30 minutes to become an "expert" on... Dutch Tulip Mania! First of all, what is "Dutch," amirite? If you've ever wondered what the difference is between Holland, Amsterdam, and The Netherlands, this episode will clear all of that up for you. Great. Now that that's out of the way, what does tulip mania have to do with them? Turns out that tulips were at the center of the first financial "bubble" ever! Caveat - maybe. There's a lot of myth hyping up this story, but the story itself is pretty interesting nonetheless. Dutch people back in the day needed to latch on to a fad to show off how cool and rich they were, and tulips were just the thing. Think: housing market, dot com, and beanie babies, and you've got it. Was tulip mania as insane and devastating as the lore likes to make it out to be? Maybe not. But it's still a super interesting story, and a good lesson for all of us to learn. Should have read about this before I spent all my savings on pogs in the 90s.
Highlights Include:
- A Gordon Gekko Reference
- An explanation of what "the Netherlands" is
- $3,000 tulips!
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Podcast artwork by Rick Radvansky
Music by Jake Radvansky