The Dutch Tulip Bubble (“Tulip Mania”) was a speculative frenzy in 17th-century Holland over the sale of tulip bulbs. The bubble reached its height between 1633 and 1637. When doubts arose as to whether the price would continue to increase, the market
800 and 1 florin ≈ $244.23The best of tulips cost upwards of $1 million in today’s money with many bulbs trading in the $50,000 to $150,000 range. The demand for the tulip trade was so large by 1636 that regular marts for their sale were established on theStock Exchange of ...
Between 1634 and 1637, the enthusiasm for the new flowers in Holland triggered a speculative frenzy now known as the tulip mania that eventually led to the collapse of the market three years later. Tulip bulbs had become so expensive that they were treated as a form of currency, or rather,...