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Tulip mania reached its peak during the winter of 1636–37, when some contracts were changing hands five times. No deliveries were ever made to fulfill these contracts, because in February 1637, tulip bulb contract prices collapsed abruptly and the trade of tulips ground to a halt. [36]
Tulip mania Bubble: 1637 Dutch Republic: A bubble (1633–37) in the Dutch Republic during which contracts for bulbs of tulips reached extraordinarily high prices, and suddenly collapsed. [1] The Mississippi Bubble: 1720 Kingdom of France
A tulip, known as "the Viceroy", displayed in a 1637 Dutch catalog. Its bulb cost between 3,000 and 4,200 guilders (florins) depending on size. A skilled craftsman at the time earned about 300 guilders a year. During this period the flourishing of Dutch painters became emblematic of the Golden Age in Dutch culture.
Tulip mania (1637) an economic bubble that burst, though it did not harm the economy of the Dutch Republic. [2] ... 2000s energy crisis (2003–2009) oil price bubble;
Tulip mania was a period in the Dutch Golden Age during which contract prices for bulbs of the newly-introduced tulip reached extraordinarily high levels and then suddenly collapsed. At the peak of tulip mania in February 1637 tulip contracts sold for more than 20 times the annual income of a skilled craftsman.
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English: Tulip price index from 1636-1637. The values of this index were compiled by Earl A. Thompson in Thompson, Earl (2007), "The tulipmania: Fact or artifact ...
Category: 1637 in economic history. ... Tulip mania This page was last edited on 4 February 2024, at 16:16 (UTC). Text is available under the Creative Commons ...