Tulip Mania (1637): The World's First Speculative Bubble

Описание: Tulip Mania exploded in 1630s Dutch Golden Age—exotic tulip bulbs became status symbols, virus-mutated mosaics drove frenzy, prices rocketed to house-equivalent levels (e.g., Semper Augustus at 5,000 guilders), everyone from merchants to farmers speculated via futures in taverns, fueled by easy credit and trade prosperity—then burst in 1637, collapsing fortunes in history's first recorded bubble, teaching timeless lessons on greed and speculation.


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