5 Biggest Ever Wastage Of Money In The World's History

Money is not more than a piece of paper but it’s precious because of the value it holds. Losing it or wasting on the unnecessary stuff seems no act of intelligence. But the past has evidence of incidents where kings and emperors waste money like it has no value. From building mansions for nobody to trading lands for flowers, here is the biggest waste of money ever.

5 Times When Millions And Billions Were Wasted, For What?...Nothing! 

1. Dutch’s Craze For Tulips

2. A Revengeful Bridge By Emperor Of Rome

4. Tea Worth Rs 3.4 Crore

The issue came into the limelight when Sanjay Nirupam who is an ex-member of Congress put this allegation. As a response, the CMO office gave clarification about the amount stating the bill includes a number of expenses and not just tea.

5. Pilgrimage Of Mansa Musa

<figcaption class="pl-caption>via:howstuffworks

Mali was unknown to the western world until its king Mansa Musa began a pilgrimage to Mecca. He took along more than ten thousand of his men on the trip. A dozen camels carrying pounds of gold joined them on a journey too.

Why we called it the biggest waste of human history is because his tour caused inflation in Egypt and it could not recover even in a decade. How? All the way, gold coins from the baggage he was carrying fell wherever he went flooding Egypt with this precious metal.

Soon, gold became common in Egypt cutting down its value and nearly destroying the country’s economy. Mansa had to recollect all the gold to balance the economy.

These were the 5 biggest wastes of money in the history of mankind that could do good to humanity but did nothing at all.