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2016 | OriginalPaper | Chapter
tulipmania
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The Netherlands of 1634–7 was the scene of a curious speculation in tulip bulbs that has come to be known as the Dutch tulipmania. Single bulbs of rare and prized varieties such as Semper Augustus or Viceroy became worth a middle-sized fortune. In its most extreme final phase in January-February 1637, prices of even common varieties such as Switsers or Witte Kroone soared twentyfold within a month and then crashed back to their original values. That these were prices of easily reproducible horticultural products has added to the bemusement of generations of historians and economists.