Tulip Mania facts
While investigating facts about Tulip Mania Chart and Tulip Mania History, I found out little known, but curios details like:
The Netherlands experienced a 'tulip mania' in 1637. Before the bubble collapsed, a single bulb could sell for 10-times the annual income of skilled worker
how long did tulip mania last?
The story of the Dutch "Tulip Mania" is wildly exaggerated, and was propaganda created by religious Calvinists to promote the notion that "wealth is ungodly"
What caused tulip mania?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what was the dutch tulip mania. Here are 18 of the best facts about Tulip Mania Movie and Tulip Mania Book I managed to collect.
what is tulip mania?
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Tulips became popular from the moment they were brought to the Holland. During the period called "tulip mania", single tulip had the price equal to annual salary of a craftsman.
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Tulip Mania, a period in Holland (1634-1637) in which the price of tulips rose drastically. One tulip bulb (Semper Augustus) was reportedly sold for an equivalent of $10-15 million. It created the first recorded economic bubble, causing an enormous economic crash.
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During the Dutch Tulip Mania a sailor mistook a tulip bulb for an onion, slipped it in his pocket, and ate it for lunch with a piece of herring. He was imprisoned on felony charges.
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Tulip mania, a bubble in the price of tulip bulbs in 17th century Netherlands. At its peak a single tulip was selling at about 10 times the annual income of a skilled craftsman.
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The first recorded instance of a bubble within an economy was 'Tulip Mania' in the 15th century. At one point a single tulip bulb became more expensive than an actual house.
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One of the earliest recorded economic bubbles in the world burst in Holland due to speculative trading of tulips! It is now referred to as "Tulip Mania" and at its peak a single tulip bulb was worth about ten times a craftsman’s annual income!
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Tulip mania is thought to be a fabrication with the event being attributed to 3 anonymously published pamphlets in 1637
Tulip Mania data charts
For your convenience take a look at Tulip Mania figures with stats and charts presented as graphic.
Why did tulip mania happen?
You can easily fact check why did tulip mania end by examining the linked well-known sources.
In Holland 1637 there was an asset bubble called Tulip mania where the flowers cost more than houses
The first economic bubble was the Tulip Mania of 1637. A single bulb sold for 10 times the annual income of a skilled craftsman. - source
The Dutch Tulip Mania in 1636 which made speculators drive the price of tulip bulbs to 6 times the average annual salary, even buying shares in a single bulbe, is generally considered the first recorded speculative bubble (or economic bubble). - source
The bulb of a Semper Augustus tulip was sold in The Netherlands during the tulip mania of the 17th century for 10,000 guilders, enough to " purchase a grand house on the most fashionable canal in Amsterdam". - source
When was tulip mania?
The first known economic bubble called "tulip mania" caused the price of tulips in 1636 Holland to reach up to 5 times that of an average house. It collapsed the following year.
