During Tulip Mania, Bulbs Were Better Than Money

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.

06:50

Key Facts In This Video

  • 1

    "Tulip mania" began in the Netherlands in 1624 and peaked in 1636–1637. (0:08)

  • 2

    During the peak of tulip mania, an average bulb could be sold for nearly 200 guilders—more than the annual wages of a skilled tradesman. (2:06)

  • 3

    Tulip mania ended when the tulip market crashed within weeks after a fateful auction in the city of Haarlem. (5:10)

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Economics

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