Western Civilization II / Unit 4 WC2 0308 short lesson, about 20 seconds
Tulip Mania: The Speculative Mindset
Captions available
The idea
In the sixteen twenties and thirties tulip bulbs became objects of speculation: five thousand guilders for one bulb in sixteen twenty-five, the anchor says, half an Amsterdam mansion; bulbs changing hands ten times a day; a crash in sixteen thirty-seven.
In practice
Value became what the next buyer would pay: the first bubble.
Where people slip
The comparison is the anchor's period one; no modern sum.
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.
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