Download or read book Famous First Bubbles written by Peter M. Garber and published by MIT Press. This book was released on 2001-08-24 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event. In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.
Download or read book Tulipmania written by Anne Goldgar and published by University of Chicago Press. This book was released on 2008-09-15 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1630s the Netherlands was gripped by tulipmania: a speculative fever unprecedented in scale and, as popular history would have it, folly. We all know the outline of the story—how otherwise sensible merchants, nobles, and artisans spent all they had (and much that they didn’t) on tulip bulbs. We have heard how these bulbs changed hands hundreds of times in a single day, and how some bulbs, sold and resold for thousands of guilders, never even existed. Tulipmania is seen as an example of the gullibility of crowds and the dangers of financial speculation. But it wasn’t like that. As Anne Goldgar reveals in Tulipmania, not one of these stories is true. Making use of extensive archival research, she lays waste to the legends, revealing that while the 1630s did see a speculative bubble in tulip prices, neither the height of the bubble nor its bursting were anywhere near as dramatic as we tend to think. By clearing away the accumulated myths, Goldgar is able to show us instead the far more interesting reality: the ways in which tulipmania reflected deep anxieties about the transformation of Dutch society in the Golden Age. “Goldgar tells us at the start of her excellent debunking book: ‘Most of what we have heard of [tulipmania] is not true.’. . . She tells a new story.”—Simon Kuper, Financial Times
Download or read book Tulipomania written by Mike Dash and published by Phoenix. This book was released on 2010-04-15 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A fascinating exploration of human greed and self-delusion and also a tribute to our ageless search for beauty' DEBORAH MOGGACH. In 1630s' Holland thousands of people, from the wealthiest merchants to the lowest street traders, were caught up in a frenzy of buying and selling. The object of the speculation was not oil or gold, but the tulip, a delicate and exotic bloom that had just arrived from the east. Over three years, rare tulip bulbs changed hands for sums that would have bought a house in Amsterdam: a single bulb could sell for more than £300,000 at today's prices. Fortunes were made overnight, but then lost when, within a year, the market collapsed. Mike Dash recreates this bizarre episode in European history, separating myth from reality. He traces the hysterical boom and devastating bust, bringing to life a colourful cast of characters, and beautifully evoking Holland's Golden Age.
Download or read book The Tulip Mania in Holland in the Years 1636 and 1637 written by Nicolaas W. Posthumus (jr.) and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Tulip written by Anna Pavord and published by Bloomsbury Publishing. This book was released on 2019-11-14 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revised and updated edition of the internationally bestselling classic Anna Pavord's now classic, internationally bestselling sensation, The Tulip, is not a gardening book. It is the story of a flower that has driven men mad. Greed, desire, anguish and devotion have all played their part in the development of the tulip from a wild flower of the Asian steppes to the worldwide phenomenon it is today. No other flower carries so much baggage; it charts political upheavals, illuminates social behaviour, mirrors economic booms and busts, plots the ebb and flow of religious persecution. Why did the tulip dominate so many lives through so many centuries in so many countries? Anna Pavord, a self-confessed tulipomaniac, spent six years looking for answers, roaming through eastern Turkey and Central Asia to tell how a humble wild flower made its way along the Silk Road and eventually took the whole of Western Europe by storm. Sumptuously illustrated from a wide range of sources, this irresistible volume has become a bible, a unique source book, a universal gift and a joy to all who possess it. This beautifully redesigned edition features a new Preface by the author, a revised listing of the best varieties of this incomparable flower to choose for your garden and a reorganised listing of tulip species to reflect the latest thinking by taxonomists.
Download or read book Tulip Fever 1636 1637 Myth and Reality written by Henk Looijesteijn and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stories about the tulip fever of 1636/37 paint an astonishing picture, yet the truth is rather more prosaic. No one bought a house on an Amsterdam waterfront for the price of a tulip bulb, there were no sensational bankruptcies and no one leaped to a tragic death in a canal. The highest bid for a Viceroy tulip bulb in February 1637 - 4,200 guilders - was likely never paid, since that was when the market crashed. Why the market crashed is a mystery. A tulip glut? Doubts about their quality (since the bulbs still lay in the ground)? The effects of the plague that took so many tulip growers? The inevitable collapse of an overheated market? This book explains what actually happened in the first half of the seventeenth century, how tulips evolved from a sought-after collector's item, to a commercial product, to a speculative object. How traders originally traded in flowering bulbs, then in bulbs, and finally in bulbs that still lay in the soil and might be sold on several times by speculators in the hope of an ever-higher profit. And what happened, and didn't happen when the market crashed in February 1637, to the delight of scornful artists and composers of satirical rhymes. 00Exhibition: Museum de Zwarte Tulp, Lisse, The Netherlands (18.03. - 17.08.2023).
Download or read book The Cambridge Companion to the Dutch Golden Age written by Helmer J. Helmers and published by Cambridge University Press. This book was released on 2018-08-31 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: During the seventeenth century, the Dutch Republic was transformed into a leading political power in Europe, with global trading interests. It nurtured some of the period's greatest luminaries, including Rembrandt, Vermeer, Descartes and Spinoza. Long celebrated for its religious tolerance, artistic innovation and economic modernity, the United Provinces of the Netherlands also became known for their involvement with slavery and military repression in Asia, Africa, and the Americas. This Companion provides a compelling overview of the best scholarship on this much debated era, written by a wide range of experts in the field. Unique in its balanced treatment of global, political, socio-economic, literary, artistic, religious, and intellectual history, its nineteen chapters offer an indispensable guide for anyone interested in the world of the Dutch Golden Age.
Download or read book The Peebles Path to Real Estate Wealth written by R. Donahue Peebles and published by John Wiley & Sons. This book was released on 2008-09-22 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: You can still find plenty of good deals in a failing real estate market by applying the advice in The Peebles Path to Real Estate Wealth: How to Make Money in Any Market. Multimillionaire teal estate mogul R. Donahue Peebles makes it possible for you to always win in real estate, provided you have the right knowledge and exercise good judgment in the deals you make. Start with small investments and work up to bigger, more profitable properties; before you know it, you’ll be a smart investor earning large profits!
Download or read book Memoirs of Extraordinary Popular Delusions and the Madness of Crowds written by Charles Mackay and published by IndyPublish.com. This book was released on 1852 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Memoirs of Extraordinary Popular Delusions, Vol. 2 A forest huge of spears and thronging helms Appear'd, and serried shields, in thick array. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Hana in the Time of the Tulips written by Deborah Noyes and published by Candlewick Press. This book was released on 2004 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: A little girl seeks to regain her father's attention during the tulipomania craze in seventeenth-century Holland.
Download or read book The Botany of Desire written by Michael Pollan and published by Random House Trade Paperbacks. This book was released on 2002-05-28 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Pollan shines a light on our own nature as well as on our implication in the natural world.” —The New York Times “A wry, informed pastoral.” —The New Yorker The book that helped make Michael Pollan, the New York Times bestselling author of How to Change Your Mind, Cooked and The Omnivore’s Dilemma, one of the most trusted food experts in America Every schoolchild learns about the mutually beneficial dance of honeybees and flowers: The bee collects nectar and pollen to make honey and, in the process, spreads the flowers’ genes far and wide. In The Botany of Desire, Michael Pollan ingeniously demonstrates how people and domesticated plants have formed a similarly reciprocal relationship. He masterfully links four fundamental human desires—sweetness, beauty, intoxication, and control—with the plants that satisfy them: the apple, the tulip, marijuana, and the potato. In telling the stories of four familiar species, Pollan illustrates how the plants have evolved to satisfy humankind’s most basic yearnings. And just as we’ve benefited from these plants, we have also done well by them. So who is really domesticating whom?
Download or read book Library of Congress Subject Headings written by Library of Congress and published by . This book was released on 2010 with total page 2002 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A History of the Netherlands written by Friso Wielenga and published by Bloomsbury Publishing. This book was released on 2015-06-25 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Books offering an overview of Dutch history are few and far between in the English-speaking world. Friso Wielenga's A History of the Netherlands: From the Sixteenth Century to the Present Day fills this gap. It offers a modern, integrated outline of Dutch history from the period in which the country took shape as a geographical, administrative and political entity and undermines the presumption that Dutch history since the 16th century was characterised by political consensus and religious toleration. Domestic and foreign politics take pride of place, interwoven with the broad lines of economic and cultural developments, as Wielenga uses the Netherlands' geographical location and its international relations to better understand the partially tumultuous past and present of this small land on the North Sea. A History of the Netherlands provides an authoritative, comprehensive in-depth survey and will be of great value to students of modern European history.
Download or read book The Tulip Crisis of Holland written by Kyle Mason and published by Independently Published. This book was released on 2024-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Early 1600s: Introduction of Tulips to the Netherlands Late 16th Century: Tulips are introduced to the Netherlands from the Ottoman Empire. They quickly gain popularity among the Dutch aristocracy and affluent merchants. 1620s: Rising Popularity 1624: Tulips become a status symbol among the wealthy, with rare varieties fetching exorbitant prices. The tulip trade begins to flourish, leading to the establishment of specialized nurseries and markets. 1625-1630: Emergence of the Tulip Market 1625: The tulip market begins to formalize, with organized auctions and a growing number of traders participating. The popularity of tulips spreads across social classes. 1630: Speculation begins to increase as prices for certain varieties soar. Buyers start purchasing bulbs not for cultivation but for potential profit. 1634: Speculation Peaks 1634: Tulip prices reach unprecedented levels, with some rare varieties selling for prices equivalent to a house. The market becomes increasingly speculative, attracting participants from all social strata. 1636: Height of the Tulip Mania Early 1636: The tulip market experiences a speculative frenzy, with prices escalating rapidly. Futures contracts become common, allowing traders to buy and sell bulbs before they are actually grown. 1636: The tulip market becomes a topic of fascination in society, with many individuals viewing tulip trading as a way to achieve wealth quickly. February 1637: The Haarlem Auction February 3, 1637: A pivotal auction takes place in Haarlem, where many expected high prices fail to materialize. This event marks the beginning of the market's decline, as confidence begins to wane.
Download or read book Rich Dad s Guide to Investing written by Robert T. Kiyosaki and published by Business Plus. This book was released on 2001-01-15 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rich Dad's Guide to Investing is a guide to understanding the real earning power of money by learning some of the investing secrets of the wealthy.
Download or read book Financial Crises Explanations Types and Implications written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2013-01-30 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
Download or read book Investing From the Top Down A Macro Approach to Capital Markets written by Anthony Crescenzi and published by McGraw Hill Professional. This book was released on 2008-09-14 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crescenzi makes frequent appearances on CNBC, Bloomberg, and NBC's “Wall Street Journal Report with Maria Bartiromo” and he has acted as advisor to members of the White House The author is a featured columnist for thestreet.com's” Real Money” and has a strong professional following The book covers all major instruments and investment choices
