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The Netherlands has long been famous for its production of flowers... and also for a related economic event, the "tulip mania" of 1636-1637. A classic example of a "bubble," tulips were traded on stock exchanges, and bid up to fantastic prices by people who understood that the prices were crazy but hoped to sell at a profit to even crazier investors. As with all bubbles, when bidding began to lag, people tried to sell and the bubble burst.
The Netherlands has long been famous for its production of flowers... and also for a related economic event, the "tulip mania" of 1636-1637. A classic example of a "bubble," tulips were traded on stock exchanges, and bid up to fantastic prices by people who understood that the prices were crazy but hoped to sell at a profit to even crazier investors. As with all bubbles, when bidding began to lag, people tried to sell and the bubble burst.
The Netherlands is also famous for its open-mindedness and liberal legislation. Examples are organized prostitution in designated areas of major cities, such as Amsterdam's Red Light District, and the legal soft drugs sold in the country's many coffee shops.
[[Image:Netherlands_map.gif]]
[[Image:Netherlands_map.gif]]
[[Category:Countries]]
[[Category:Countries]]