If you had to spend a huge sum of money on one thing, would you choose a luxury mansion or a single tulip bulb? You might be surprised how a Dutchman in the 1630s would have answered that question. "Tulip mania," as it's called, was the most notorious speculative bubble in history. By one account, tulip prices soared 20-fold in just six months, before plunging 99 percent in half that time. The story might sound ridiculous, but it wasn't the world's biggest bubble burst — or the last.
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Written by Cody Gough January 22, 2018
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