Economics

During Tulip Mania, Bulbs Were Better Than Money

Tulip mania hit the Netherlands in 1624, and lasted for more than 10 years. At its peak, the price for a single tulip bulb could exceed the yearly wages of a skilled tradesman, and groups of tulip bulbs were auctioned off for incredible amounts. The demand for tulips might have stemmed from their relative uniqueness at the time. After the flowers were first imported from Turkey, Europeans noticed that they had more vibrant colors than other traditional garden blooms.

Written by Curiosity Staff September 11, 2015

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