Tulip mania. The first crisis in history.

Tulipmania's rapid growth also made the sharp drop in Holland in the 1630s.

What caused the financial bubble?

Tulips were brought in Holland and immediately began gaining in prominence. Tulips have become symbols of the success, bright colors looked very beautiful, tulips have classified according to their prevalence and price. Some of 'em were able to earn an absolute fortune. The price of Tulips has grown so fast that, in order to get a handful of onions people were selling all they really have.

Why the market fell?

People have been made to understand the bitter truth - they bought things that are not worth anything, the Government had attempted intervene and restore the market situation, but made the situation more difficult.

So, it has nothing to do with Bitcoin, just trying to write something interesting for you.