Editing Stock market bubble (section)

== History ==
[[File:Emanuel de Witte - De binnenplaats van de beurs te Amsterdam.jpg|200px|right|thumb|Courtyard of the Amsterdam Stock Exchange ([[:nl:Beurs van Hendrick de Keyser|Beurs van Hendrick de Keyser]]) by [[Emanuel de Witte]], 1653.]]
Historically, early stock market bubbles and [[Stock market crash|crashes]] have their roots in [[Financial history of the Dutch Republic|financial activities of the 17th-century Dutch Republic]], the birthplace of the first formal (official) [[stock exchange]] and [[Stock market|market]] in history.<ref>[[John Brooks (writer)|Brooks, John]]: ''The Fluctuation: The Little Crash in '62'', in ''Business Adventures: Twelve Classic Tales from the World of Wall Street''. (New York: Weybright & Talley, 1968)</ref><ref>Neal, Larry (2005). "Venture Shares of the Dutch East India Company", in ''Origins of Value'', in ''The Origins of Value: The Financial Innovations that Created Modern Capital Markets'', Goetzmann & Rouwenhorst (eds.), Oxford University Press, 2005, pp. 165–175</ref><ref>[[Robert Shiller|Shiller, Robert]] (2011). ''Economics 252, Financial Markets: Lecture 4 – Portfolio Diversification and Supporting Financial Institutions (Open Yale Courses)''. [Transcript]</ref><ref>Petram, Lodewijk: ''The World's First Stock Exchange: How the Amsterdam Market for Dutch East India Company Shares Became a Modern Securities Market, 1602–1700''. Translated from the Dutch by Lynne Richards. (Columbia University Press, 2014, 304pp)</ref><ref>Macaulay, Catherine R. (2015). "Capitalism's renaissance? The potential of repositioning the financial 'meta-economy'”. (''Futures'', Volume 68, April 2015, p. 5–18)</ref> The [[Tulipmania|Dutch tulip mania]], of the 1630s, is generally considered the world's first recorded [[speculative bubble]] (or [[economic bubble]]).<ref>{{Cite web |last=Terrell |first=Ellen |title=Research Guides: Business Booms, Busts, & Bubbles: A Resource Guide on Economic Manias & Crashes: Tulip Mania |url=https://guides.loc.gov/business-booms-busts/tulip-mania |access-date=2025-01-07 |website=guides.loc.gov |language=en}}</ref>