Western Civilization I / Unit 16 WC1 1522 short lesson, about 20 seconds
Tulip Mania, 1636 to 1637: The First Speculative Bubble
Captions available
The idea
Tulip bulbs became traded commodities in the sixteen twenties; the anchor's five thousand guilders for one bulb in sixteen twenty-five was half a mansion. In the winter of sixteen thirty-six bulbs changed hands ten times a day; the crash came in sixteen thirty-seven.
In practice
Value from what buyers will pay.
Where people slip
The tulip craze rests on the anchor alone.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Unlocks
- Nothing yet depends on this.
Something wrong in this lesson? Flag it