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This is a story that happened in Europe in the 17th century. Tulips (郁金香) were introduced into Holland before the 17th century but it did not take long for the flowers to gain popularity among the upper classes. Flowers of such beauty soon became symbols of power and the rich tried their best to lay their hands on some to display them in their gardens. When more people learned of the prices that the rich were willing to pay for tulips, they knew they just found a “get-rich-quick” gold mine.

By 1634, the whole country was so attracted by tulips that all other activities almost came to a stop. People were trading in tulips and even buying and selling bulbs (球茎). At that time, one rare bulb cost as much as ten tons of cheese.

Many made a fortune in the beginning. As the prices moved in one direction, they only needed to buy low and sell high, buy high and sell higher. After the gains, confidence rose and many sold away all their property in order to invest more money in tulips, hoping to make more money. The desire was so strong that those who were watching also rushed to the tulip market. Everyone thought that the high demand for tulips would continue forever and prices could only go up because more and more people from all over the world would start to like tulips.

When the prices of tulips was much higher than it should be, few people bought them for planting in their gardens. The real demand for the flowers seemed greater than it really was. Many people were buying them for speculation (投机), not appreciation. In 1637, for some unknown reasons, a group of people suddenly realized the danger. The prices of tulips began to fall and the market crashed. When confidence was destroyed, it could not be recovered and prices kept falling. Soon the nobles and the rich became poor. Cries of suffering were heard everywhere in Holland.

1.Why did the upper classes buy tulips in the beginning?

A. Because the prices of tulips were low.

B. Because they wanted to make a fortune.

C. Because tulips were introduced from abroad.

D. Because tulips were beautiful and represented power.

2.It can be inferred from the passage that ________.

A. greed(贪婪) was the reason why so many people were mad about tulips

B. tulips became popular among the upper classes very slowly

C. people who were mad about tulips bought them for appreciation

D. when the prices were extremely high, most people planted tulips in their gardens

3.The passage is mainly about ________.

A. Europe in the 17th century               B. buying and selling tulips

C. being mad about tulips                            D. the life of the nobles and the rich

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