yes the tulip craze was the world first big example of pump and dump speculation gone wrong.  meanwhile we also around that time formed the voc, invented stock markets to heds our bets on voc ships publicly funding the worlds most powerful corporation voc that colonized half the planet that also practically monopolized the entire global spice trade.  and all this was done before the usa gained independence from the brits. yes the same brits that decided to compete with us by forming their own east india trading company.  the netherlands as such small country still punches way above it's weight economically, technologically and politically.
Netherlands