Open links in new tab
  1. Tulip mania - Wikipedia

    • In February 1637, tulip traders could no longer find new buyers willing to pay increasingly inflated prices for their bulbs. As this realization set in, the demand for tulips collapsed, and prices plummeted—the speculative bubble burst. See more

    Overview

    Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some See more

    Background and history

    The introduction of the tulip to Europe is often questionably attributed to Ogier de Busbecq, the ambassador of Charles V, Holy Roman Emperor, to Sultan Suleiman the Magnificent, who sent the first tulip bulbs and s… See more

    Available price data

    The lack of consistently recorded price data from the 1630s makes the extent of the tulip mania difficult to discern. The bulk of available data comes from an anonymous satire, Dialogues between Waermondt and Gaergoedt… See more

    Mackay's Madness of Crowds

    The modern discussion of tulip mania began with the book Extraordinary Popular Delusions and the Madness of Crowds, published in 1841 by the Scottish journalist Charles Mackay. He proposed that crowds of people o… See more

    Modern views

    Mackay's account of inexplicable mania was unchallenged, and mostly unexamined, until the 1980s. Research into tulip mania since then, especially by proponents of the efficient-market hypothesis, suggests that his story w… See more

    Social mania and legacy

    The popularity of Mackay's tale has continued to this day, with new editions of Extraordinary Popular Delusions appearing regularly, with introductions by writers such as financier Bernard Baruch (1932), financial writer … See more

     
  1. The Real Story Behind the 17th‑Century ‘Tulip Mania’ Financial Crash

  2. Tulip Mania | Dutch Tulip Trade, Financial ... - Britannica …

    Learn about the speculative frenzy over tulip bulbs in 17th-century Holland, which reached its peak in 1633–37 and crashed in 1637. Find out how the bubble was driven by demand, supply, and the greater fool theory.

  3. Tulipmania: About the Dutch Tulip Bulb Market Bubble

    Jun 25, 2024 · Learn about the history and causes of the Dutch tulip bulb market bubble, one of the most famous asset bubbles and crashes of all time. Find out how tulips became a status symbol, how prices soared and plunged, and how …

  4. Was Tulip Mania really the first great financial bubble?

  5. Tulip Mania: Lessons from the World‘s First Speculative Bubble

  6. Tulip Mania - Business Booms, Busts, & Bubbles: A Resource Guide …

  7. Tulip mania: The flowers that cost more than houses - BBC

  8. The truth about Tulip Mania - BBC News

  9. Tulipmania: A Garden Historian's Perspective | Faculty …

    The events of Tulpenwoerde (tulip madness), which became known as Tulipomania, took place in the Dutch United Provinces in 1636 and 1637. It is the first of the famous economic "bubbles" and is often cited as a prime example …