In Holland in the 1600s the price of tulips rose so much that a single bulb reportedly cost more than a townhouse on Amsterdam's grand canal.Today we look at the real story behind one of the greatest bubbles in history.
What is a tulip?
Why are things expensive?
Why were tulips so expensive in Holland?
Why were some people in Holland so rich?
How tulips grow
Tulip contracts
The greater fool theory
When the market crashed
What really happened
Have we learned our lesson?
(BONUS) How to not lose all your money in a financial bubble
Full transcript and key vocabulary available on the website www.leonardoenglish.com/podcasts/tulipmaniaJoin the conversation:
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More about Leonardo English and the English for Curious Minds podcastLearning English shouldn't be boring. It should open your mind.English Learning for Curious Minds is a podcast aimed at intermediate level English speakers and above, where listeners learn fascinating things about the world while learning English.There's no small-talk, no boring grammar exercises or vocabulary drills.You'll learn English by listening, by hearing real conversations and real English, spoken by native speakers, and at a speed you can understand.Listeners can subscribe to Leonardo English to get a copy of the transcript and key vocabulary for every podcast.It's English learning, but for curious minds.