Economic Bubble facts

While investigating facts about Economic Bubble 2019 and Economic Bubble Definition, I found out little known, but curios details like:

The word 'millionaire' is a French word coined in 1719 to describe those working in the Mississippi Company earning millions of livres which is one of the earliest examples of an economic bubble

how economic bubbles work?

Goldman Sachs was behind 5 different economic bubbles, and in 2009 they were working on a 6th.

What economic bubble mean?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is the next economic bubble. Here are 12 of the best facts about Economic Bubble 2020 and Economic Bubble Example I managed to collect.

what economic bubble are we in?

1. Tulip Mania, a period in Holland (1634-1637) in which the price of tulips rose drastically. One tulip bulb (Semper Augustus) was reportedly sold for an equivalent of $10-15 million. It created the first recorded economic bubble, causing an enormous economic crash.

2. The Dutch "Tulipmania" (where tulip prices skyrocketed in the 1630s) wasn't actually a bubble - it was driven by Dutch economic policy and changes in forecasted demand due to the 30 Years War.

3. The Mississippi Bubble was a financial scheme in 18th-century France that triggered a speculative frenzy and ended in financial collapse. The scheme was engineered by John Law, a Scottish adventurer, economic theorist, and financial wizard who was a friend of the regent, the Duke d’Orléans.

4. One of the earliest recorded economic bubbles in the world burst in Holland due to speculative trading of tulips! It is now referred to as "Tulip Mania" and at its peak a single tulip bulb was worth about ten times a craftsman’s annual income!

5. 1637 witnessed one of the first economic bubbles; the price of tulip bulbs skyrocketed in the Netherlands to 10x the annual income of a skilled craftsman, until February 1637 when the price collapsed.

6. At the height of the Japanese economic bubble the cost of property skyrocketed so much so that property in Ginza, Tokyo, cost 30 million Yen ($218,978) per square meter.

7. The first economic bubble was the Tulip Mania of 1637. A single bulb sold for 10 times the annual income of a skilled craftsman.

8. The Dutch Tulip Mania in 1636 which made speculators drive the price of tulip bulbs to 6 times the average annual salary, even buying shares in a single bulbe, is generally considered the first recorded speculative bubble (or economic bubble).

9. The Dutch Tulip Bulb Economic Bubble of 1637