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Today in Entrepreneurial History: February 3
- 1637 – Tulip mania collapses in the United Provinces (now the Netherlands) as sellers could no longer find buyers for their bulb contracts.
- 1690 – The colony of Massachusetts issues the first paper money in America.
- 1913 – The Sixteenth Amendment to the United States Constitution is ratified, authorizing the Federal government to impose and collect an income tax.
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