Weird History

Absurdly Priced Things Throughout History

Economic bubbles aren't unique to the 21st century, nor are they related solely to real estate. The phenomenon, in which the price of a commodity skyrockets then crashes, have been recorded since 17th century Holland, when tulips became more valuable than tons of foodstuffs or fabric. Talk about overpriced. 

Later on, shares of speculative trading or rail companies became priceless, then worthless. Japanese real estate was once so valuable golf courses were worth more than whole companies. Various metals have boomed and busted, sometimes for random reasons. And let's not forget the strange Thai amulet bubble of the late 2000s, an inexplicable phenomenon.

Here are some of the weirdest economic bubbles that drove random commodities sky high in value.