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I dunno. These sort of things have been quite destructive. I am not calling the tech sector a tulip market, but the Dutch tulip mania stands as quite an incredi
by ArkyBeagle 11y ago
I dunno. These sort of things have been quite destructive. I am not calling the tech sector a tulip market, but the Dutch tulip mania stands as quite an incredible event. It effectively ended Holland as an imperial power.
It also inspired "Picture This" by Joseph Heller, which is worth reading.
- gozur88 11y ago>It effectively ended Holland as an imperial power. That's quite an exaggeration. What ended Holland's foray into imperialism was the Anglo-Dutch wars which started fifteen years later in 1652.
- ArkyBeagle 11y agoI'd have chose "oversimplifiction" well ahead of "exaggeration". But yes, yes, yes. I could not agree more. Heller's book is the last thing I'd read on it, and it emphasizes the economic well over the... naval. As an American, we tend to attribute military success to economic power.