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What causes economic bubbles? – Prateek Singh

Prateek Singh | TED-Ed

View full lesson: http://ed.ted.com/lessons/what-causes…

During the 1600’s, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman.

Suddenly, though, the demand completely plummeted, leaving the tulip market in a depression.

What happened? Prateek Singh explains the peak of a business cycle, commonly referred to as a mania.

Lesson by Prateek Singh.

Animation by Simon Ampel.