Tulip Mania | Dutch Tulip Trade, Financial Speculation & Economic Bubble | Britannica Money
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Did you know that in the 1630s, a single tulip bulb could command a price equivalent to a large Amsterdam house? This extraordinary period during the Dutch Golden Age, known as "Tulip Mania" (c. 1634-1637), serves as one of history's most famous examples of a speculative asset bubble. It is the classic case study of asset prices detaching completely from their intrinsic value. Tulips, new and exotic to Europe, became intense status symbols, and prices were driven not by the flower's utility but
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