First brought to Europe from the Orient in 1554, tulips (flowers of the lily genus) were bred primarily in the Netherlands. More than 1,000 varieties were soon counted. In the Netherlands, this was called tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte). Rare pieces fetched astronomical prices. In 1637, the market organized on the stock exchange suddenly collapsed. This crash led many breeders and speculators (forward buyers) to ruin. Numerous failed speculators were driven into suicide in the wake of the Tulip Crash. – See bubble, speculative, stock market price, financial crisis, loads, Mississippi tumble, put option, speculation, exuberance, unreasonable.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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