Events

Tulipomania

Tulipomania

Full Name
Tulipomania
Event Type
Location
Start Date
1636
End Date
1637

In the mid 1500s, tulips were introduced to the Netherlands from the Ottoman Empire and since then have held a significant role in Dutch history and culture. So firm was the Dutch love affair with tulips throughout the Dutch Golden Age of the mid-1600s that a tulip bulb bubble or "Tulip Mania" even occurred. Generally considered to be the first recorded financial bubble, the Tulip Mania of 1636-1637 was an episode in which tulip bulb prices were motivated by speculators to incredible heights prior to collapsing and dipping the Dutch economy into a grave crisis that endured for many years.