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Eindhoven is the location of the giant electronics corporation, Philips (full name: Koninklijke Philips Electronics N.V.), with annual revenue equivalent to about $40 billion. (The U.S. corporation General Electric has revenues of about $150 billion, but much of it is from non-electronics businesses).

Eindhoven is the location of the giant electronics corporation, Philips (full name: Koninklijke Philips Electronics N.V.), with annual revenue equivalent to about $40 billion. (The U.S. corporation General Electric has revenues of about $150 billion, but much of it is from non-electronics businesses).

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 "greater fools." 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.

[[Image:Netherlands_map.gif]]

[[Image:Netherlands_map.gif]]