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Bubbles

Bubbles. Matt, Mike Jack. Dutch Tulip Bubble. -Happened in 1637 -People payed way to much than they should of like Tulips for example -A single tulip bulb would sell for about $1,250 -A good trader could earn up to $61,710 a month -Government couldnt stop the trading

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Bubbles

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  1. Bubbles Matt, Mike Jack

  2. Dutch Tulip Bubble -Happened in 1637 -People payed way to much than they should of like Tulips for example -A single tulip bulb would sell for about $1,250 -A good trader could earn up to $61,710 a month -Government couldnt stop the trading -One day a Haarlem buyer failed to show up for his tulip purchase, and within days the tulips were worth only a hundredth of their former prices

  3. South Sea Bubble -Happened in 1720 -The house of lords passed the south sea bill which allowed the south sea conpany a monopoly in trade with south america - the company underwrote the English national Debt which stood at 30 million on a promise of 5% interest from the government -Shares immediately rose to 10 times their value -Stocks ended up crashing and people all over the country lost all their money

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