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.