One of the first documented asset-price bubbles occurred in which country and in which market?
A)The Netherlands and tulips
B)Spain and gold
C)the United States and silver
D)Spain and roses

Question

Quizplus · Accepted Answer

The Netherlands experienced one of the first documented asset-price bubbles in the tulip market during the seventeenth century, also known as Tulip Mania. Prices for tulip bulbs skyrocketed to unsustainable levels before eventually crashing in what is now considered one of the early examples of speculative market mania.

One of the First Documented Asset-Price Bubbles Occurred in Which