Tulip Mania

2 December 2024

One of the most famous price bubbles was the tulip craze in the 1630s in Holland.

Before tulip mania, a tulip cost a few guilders (the Dutch currency at the time).

When the craze took hold, a futures market for tulips was created, with speculation driving prices.

The peak was 200 guilders; equal to the average annual wage!

Sources: https://sites.google.com/site/davesmant/monetary-economics/famous-first-bubbles/tulipmania, https://en.wikipedia.org/wiki/Tulip_mania

Tulip Prices