How a single flower bulb once commanded the price of a house
In short: In the Dutch Republic of 1636, tulips became a massive craze. This video explores the extraordinary period when rare tulip bulbs were traded for the equivalent of a small house before the market abruptly collapsed.
The video examines the phenomenon known as Tulip Mania, which peaked in 1636 within the Dutch Republic. During this time, the demand for rare tulip bulbs drove prices to unprecedented heights, with some bulbs costing as much as a small house. However, this speculative frenzy ended abruptly in 1637 when the market crashed, leaving many to wonder why the bottom fell out so suddenly.
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Sources
- Summary by Intellect · source: When a tulip bulb cost as much as a house: The Tulip Mania of 1637
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