Short Stuff: Tulipmania
Stuff You Should Know
iHeartPodcasts
4.6 • 79.3K Ratings
🗓️ 2 April 2025
⏱️ 16 minutes
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Summary
The world experienced its first economic bubble when the Dutch went bonkers for tulips in the 1630s.
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Transcript
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| 0:00.0 | What's up on Laura? Host of the podcast, Courtside with Laura Carenti, a masterclass case study of the |
| 0:05.2 | business of women's sports. I'll be chatting with leaders like tennis icon, Alana Claus. |
| 0:09.9 | I don't do what I do only for women. I do it for everyone. And I want the whole market. |
| 0:14.9 | And innovators like Jenny Wynn. I would say 50% of the people that come visit the sports bra |
| 0:19.8 | aren't sports fans. They come to be |
| 0:22.2 | in community. They come to be part of this culture. Courtside with Laura Crenty is an Iheart |
| 0:27.9 | Women's Sports production in partnership with Deep Blue Sports and Entertainment. Listed a |
| 0:32.4 | court side with Laura Crenty on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. |
| 0:38.6 | Presented by Elf Beauty, founding partner of IHeart Women's Sports. |
| 0:46.4 | Hey, and welcome to The Short Stuff. I'm Josh, and there's Chuck and Jerry sitting in for Dave, |
| 0:51.0 | and this is Short Stuff about Tulip Mania. |
| 0:55.4 | That's right. |
| 0:56.9 | Tulip Mania was perhaps the first financial bubble to happen and then burst. |
| 1:04.4 | And we should probably talk a little bit about what an economic bubble is, don't you think? |
| 1:09.3 | Yeah. |
| 1:09.9 | It's where the price of a good or an asset or something |
| 1:13.6 | like that, let's just say item, goes sky high, way, way, way beyond any reasonable value that it should have. |
| 1:22.6 | And it's because of exuberant trading. And the more exuberant of trading is, the more people get sucked |
| 1:27.5 | in by it, and they want to make some money, too. So more people start investing and the prices |
| 1:32.6 | keep going higher and higher and higher. That's the first part of the bubble. There's another |
| 1:37.5 | less happy side of the bubble, too. That's right, because is anyone who's ever been to a bubble rave or a played bubbles with your kids or just adult friends who enjoy bubbling, that bubble's going to burst. They all will eventually. And that's what happens with an economic bubble too. The price will drop usually pretty quickly. And a lot of people start selling off very |
| 2:02.3 | quickly, and those who get out early enough can usually avoid it. But every single time, someone is going to be left |
... |
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