Rabbits were so easy to grow and useful that they caught on people. Many people wanted to have them before long. Their value was gradually risen as people have them. In addition, if the pattern of the rabbits is rare, they would be sold on more expensive price. For some years a while, the worth of them continued to rise and didn't stop. Some people went so far as to kill other person to get valuable and rare rabbits.
It became a big problem in Japan, so the government imposed rabbits on tax called "Rabbit Tax". It was so heavy tax that the value of rabbits rapidly dropped down. No one supposed to have rabbits until the tax was abolished.
This story is an example of bubble. The worth of thing doesn't continue to rise if it is rabbits or tulips, and great stocks. Such an extraordinary economy doesn't also no matter how prominent grow.
do home work .
ReplyDeleteyou are a good student .
Some people went so far as to kill other person to get valuable and rare rabbits.
ReplyDeleteThis is a good story , I have never been heard .
Thank you partake of your story .
Hi Kenzo -
ReplyDeleteThank you so much for posting this story.
I'd honestly never heard of the Japanese 'rabbit bubble' boom, but I Googled it and found there's quite a lot of research into it on the Web.
It sounds like it happened very quickly: 1872-1874 or something like that.
Does it mean that rabbits aren't found in Japan?
I mean, do they not occur naturally there?
The funny thing is, once you have a male and a female rabbit, it's easy to get loads more, as they breed like crazy!!!