Michael Douglas teaches LaBeouf about "Tulip Mania" in the Netherlands in the 1600s, when the value of tulip bulbs skyrocketed. Tulips became the most sought after commodity until the market for them burst, and they became worthless.
This clip explains how industrialization has led to a significant change in the lives of Americans, from the type of work they performed to how they dressed. It also mentions that textile factories have led to women being able to earn money for the first time.
John discusses the US' industrial revolution and the extremely wealthy individuals who profited off the era. They were either seen as "robber barrons" or "captains of industry" because they controlled much of the US' money and held the largest companies in the world.