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SAT Reading: Determining the Most Likely Reason for the End of Tulipomania 2 Views
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Description:
The Tulip Bubble lived on the greed of the masses. As soon as trust in the Bubble faded, the economics of investing in Tulips (really, rolling the dice)... died too.
Transcript
- 00:02
all right Shmoopers were assuming you've read the passage enough times now that
- 00:06
you will hear pretty much as sick of it as we are so let's just get to the [text on screen]
- 00:10
question it says the passage most strongly suggest that so-called tulip
- 00:13
mania ain't it because why well the bubble relied on confidence
- 00:18
people believed prices would rise so they did then when panic hit it hit
Full Transcript
- 00:23
harder than Andre the Giant the text explains it was seen that somebody must [giant man in wrestling ring]
- 00:28
lose fearfully in the end as this conviction spread prices fell and never [text on screen]
- 00:34
rose again and that wasn't like a joke about roses which is also what happens
- 00:38
when you get hit by Andre don't rise again all right well we never found out [men wrestling]
- 00:43
what happened to all the tulips say so that can't be a maybe the garbage dumps
- 00:48
of Holland were really pretty that spring right a lot of people were [tulips thrown in dump]
- 00:52
deported but the passage suggests this happened once the bubble had already [child blowing bubbles]
- 00:56
burst so it's not be in rich merchants and Nobles were affected by the bubble
- 01:01
bursting but there's nothing in the passage to indicate that they were
- 01:04
having problems before the collapse so it ain't see the answer is the tulip
- 01:09
mania ended tragically but at least WrestleMania
- 01:12
soldiers on [men wrestling]
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