tulipmania
Tulipmania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed. It is often considered the first recorded speculative bubble.
The tulip was introduced to Europe in the 16th century and quickly became a fashionable commodity in
In February 1637, the market for tulip bulbs collapsed abruptly. Prices plummeted, leaving many investors ruined.
The economic impact of Tulipmania on the Netherlands is also a subject of historical discussion. While some