Tulip Bulbs...those that were lucky enough to get out early were hurt later by the depression in the aftermath of the crash.
"As is often the case with economic bubbles, as the price rose to a point where it was obviously so incredibly inflated, some prudent people decided to get out and capitalize on the absurd prices. Then a domino effect took place where more and more tried to sell at ever decreasing prices. The truth is that no one is completely sure what lead to the cataclysmic demise of the bulb trade, but what is certain was that it caused unmitigated pandemonium and widespread panic throughout the republic.
This is when parties involved began to stop honoring contracts. Needless to say, this was cause for much hubbub, as people realized they had bet their whole life savings or family homes on these tulip bulbs. The Dutch government even had to intervene to try to curb the fall, offering to honor contracts at 10% of the face value, however, this only worsened proceedings, as the price began to fall even farther until the bottom completely fell out.
Of course, this resulted in financial ruin for many, as the bulbs that they had paid so highly for were worth virtually nothing. Debt disputes went on for years and even those that were lucky enough to get out early were hurt later by the depression in the aftermath of the crash."
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