Which statement best describes why tulip mania

English

1 answer:

lyudmila [28]4 years ago

8 0

Answer: c. The growth of Tulip prices ended very quickly

Explanation:

In the 17th century, the Netherlands experienced what has since been referred to as Tulip mania. Tulips were introduced to the Dutch in 1593 and because the Dutch had not seen them before, they demanded of the flowers.

The tulips were then attacked by a virus that made them even more alluring and this led to an even greater demand. The increased demand coupled with a new scarcity for the flowers led to the prices of tulips shooting up by more than 20 times in value in one month.

This did not last though as some people began to sell which triggered a selling mania that reduced the price to a record low. Tulip mania was a bubble because the tulip prices kept rising but once the bubble was popped by early sellers, the prices dropped quickly.

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