When a Single Flower Bulb Cost 10x an Annual Salary
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Many merchants sold all of their belongings to purchase a few tulip bulbs for the purpose of selling
them at a higher profit than they could ever imagine in their lifetimes. This was the 1630s,
and the average person could expect to live fewer than 40 years and be lucky to make any
money at all. Meanwhile, some of the tulip traders were earning the equivalence
of $62,000 a month. It seemed like the tulips were a quick way to paradise, and everyone wanted
in. During the build-up and height of Tulip Mania, the Dutch East India
Company incorporated the tulip trade into their operations, and the stock price began to rocket
upwards. By this stage, even England and France were trading tulips on the London
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