![]() ![]() In many ways, the tulip mania was more of a thitherto unknown socio-economic phenomenon than a significant economic crisis. It is generally considered to have been the first recorded speculative bubble or asset bubble in history. Tulip mania ( Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, and then dramatically collapsed in February 1637. A skilled craftsworker at the time earned about 300 guilders a year. Its bulb was offered for sale for between 3,000 and 4,200 guilders (florins) depending on weight ( gewooge). A tulip, known as "the Viceroy" ( viseroij), displayed in the 1637 Dutch catalog Verzameling van een Meenigte Tulipaanen.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |