A Short History of Financial Form

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Today you can sell your worn out house and buy truck loads of tulip flowers, however. In 1673 you could sell one, just one tulip flower and buy hundereds of luxurious villas in Amsterdam. It seems so silly to believe that today but then People got rid of their lives savings, expensive jewellery, ancestral gold to get their hands on tulip flowers. In 1716 precisely 40 years hence people would sell their lives possesions once again to buy the stocks of Missispi Company in France and South Sea company in England. Whose prices were increasing ten folds every year for couple of years. Just to add on the great physicist Issac Newton was also an investor is the South Sea company. After plenty of incidents on the way, recently in 2008 america, People had taken enormous amounts of debt to buy as many houses as they could. Holding period of house in USA was less 4 months during 2007. With price of the home appreciating by 50 percent everytime the house was sold. Since the start of capitalism in