The first one of these events hit the Netherlands in 1637 and was dubbed the "tulip mania."
These events are analyzed in the first chapter of Extraordinary Popular Delusions by Charles Mackay. Robert Walpole came to power in the aftermath of one of these events. One of these events in France was masterminded by the Scotsman John Law. Another of these events began after the British national debt was traded for the (*) asiento. The economies of France and Britain were devastated by events of this kind named for the Mississippi and South Sea Companies. The first one of these events hit the Netherlands in 1637 and was dubbed the "tulip mania." For 10 points, name these events in which speculators drive the price of a good up well past its real value.
These events are analyzed in the first chapter of Extraordinary Popular Delusions by Charles Mackay.
speculative bubbles [accept any kind of bubble; prompt on mania] &lt;JR&gt;