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Jump to navigation Jump to le bitcoin wiki pl “Tulip fever” redirects here. For the film set during the period of tulip mania, see Tulip Fever.

1637 Dutch catalog Verzameling van een Meenigte Tulipaanen. A skilled craftsworker at the time earned about 300 guilders a year. Dutch Golden Age during which contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels and then dramatically collapsed in February 1637. In Europe, formal futures markets appeared in the Dutch Republic during the 17th century. Among the most notable centered on the tulip market, at the height of tulip mania. The 1637 event was popularized in 1841 by the book Extraordinary Popular Delusions and the Madness of Crowds, written by British journalist Charles Mackay.

In a commentary on the economic folly, one monkey urinates on the previously valuable plants, others appear in debtor’s court and one is carried to the grave. The tulip was different from every other flower known to Europe at that time, with a saturated intense petal color that no other plant had. The appearance of the nonpareil tulip as a status symbol at this time coincides with the rise of newly independent Holland’s trade fortunes. Anonymous 17th-century watercolor of the Semper Augustus, famous for being the most expensive tulip sold during tulip mania. As a result, tulips rapidly became a coveted luxury item, and a profusion of varieties followed. Growers named their new varieties with exalted titles. Admirael van der Eijck for example, was perhaps the most highly regarded of about fifty so named.

Tulips grow from bulbs, and can be propagated through both seeds and buds. When a bulb grows into the flower, the original bulb will disappear, but a clone bulb forms in its place, as do several buds. Properly cultivated, these buds will become bulbs of their own. Wagon of Fools by Hendrik Gerritsz Pot, 1637.

Followed by Haarlem weavers who have abandoned their looms, blown by the wind and flying a flag emblazoned with tulips, Flora, goddess of flowers, her arms laden with tulips, rides to their destruction in the sea along with tipplers, money changers and the two-faced goddess Fortuna. A standardized price index for tulip bulb contracts, created by Earl Thompson. Thompson had no price data between February 9 and May 1, thus the shape of the decline is unknown. The tulip market is known to have collapsed abruptly in February.