What Is Tulip Mania?
Prices rose about twenty-fold in about three months, then fell even faster in the months that followed.
Video coming soon. The lesson video will appear here once it is published on YouTube.
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1.What happened to tulip bulb prices from November 1636 to February 1637?
Prices rose about twenty-fold in about three months, then fell even faster in the months that followed.
2.What is a bubble in the video's definition?
A bubble is the part of a sharp price rise that the underlying value cannot explain; whether tulip mania fits is still argued.
3.Which source tells you more reliably what happened: a mocking pamphlet or a notary record?
A notary record documents a deal, not to entertain or to warn; the pamphlet shows what people feared but not how many traded.
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Sources (4)
- Bubbles, Crises, and Heterogeneous Beliefs (NBER Working Paper 18905, W. Xiong) (National Bureau of Economic Research)
- Crises in the Global Economy from Tulips to Today (L. Neal, M. Weidenmier, in: Globalization in Historical Perspective) (National Bureau of Economic Research / University of Chicago Press)
- Financial Crises: Explanations, Types, and Implications (IMF Working Paper WP/13/28, S. Claessens, M. A. Kose) (International Monetary Fund)
- Eigene Rechnung: synthetischer Beispielvertrag (100 Gulden)
Education only. Not financial advice.