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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. [4:16]
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- Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional|practice