Then why did the financial crisis break out in this country that is not short of money? We have to start with the national conditions of the Netherlands. The Netherlands is a low-lying coastal country. It's raining and windy, and it's bound to be submerged by Jinshan. So in 1595, the government publicly announced? This kind of breeding will definitely not develop, so let's start a business for all and innovate for all! ?
Hearing this, old hundred people, huh? This is being your own boss? One by one, they are eager to try, roll up their sleeves and prepare for a big fight. In terms of capital, timing, business and technology, it doesn't matter which leg is broken. 1602, who would have thought that a young man named Jacob really succeeded? The project he chose at that time was a bit unpopular, that is, bringing Dutch peppers to Europe for reselling, and the profit could reach 70%. ?
People think that? Since he can do it, I can do it. He sells spices, so I'll sell something else? Although the people feel good, the government can't let the whole country run errands together.
So soon to stop it? Your industries are too similar. Tell you what, if you have money, you can donate it and give you shares in the company. If you make money, you will pay dividends, and if you lose money, you will take risks together. ? The company mentioned by the government is Jacob's East India Company, which is also the first joint stock limited company in the world, and the investors are the first investors in the world.
With the support of investors and the government, the East India Company has become a thriving enterprise. The more people buy stocks, the higher the market value of East India. 1637 directly reached $8 trillion. During the period of 1630, the war in Europe intensified, followed by inflation. The rich people thought: How can we avoid the crazy devaluation of the currency? ? Tulips get everyone's attention. But people think that the price of tulips is equivalent to a sports car, and we can't afford it. The clever Dutch government is patting its head again. Then turn tulips into futures. ? The people are a little puzzled and say, what is futures? ?
The Dutch government explained: Is to divide tulip seeds into dozens of contracts and sell them to dozens of different people. When the date comes, who can buy back these dozens of contracts, who will have the seeds, who will be able to plant flowers, sell flowers and make a profit? .
People are a little happy after listening to this? I have no money to buy a sports car, but I still have money to buy a wheel. ? So everyone actively participated in it. During that time, from local tyrants and nobles to ordinary people, they all spent money on futures. Some poor people have to buy more, even sell their houses and land, and borrow usury in order to rely on futures turnover. As the saying goes, extremes meet, and the tulip market now looks like a huge financial bubble. Some people may have made a lot of money, but many people have lost everything. Not long after, the bubble was finally punctured and the first financial crisis broke out in the world.