Tulip mania or tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.
At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble (or economic bubble), although some researchers have noted that the Kipper- und Wipperzeit episode in 1619–22, a Europe-wide chain of debasement of the metal content of coins to fund warfare, featured mania-like similarities to a bubble. The term "tulip mania" is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.
The 1637 event was popularized in 1841 by the book Extraordinary Popular Delusions and the Madness of Crowds, written by British journalist Charles Mackay. According to Mackay, at one point 12 acres (5 ha) of land were offered for a Semper Augustus bulb. Mackay claims that many such investors were ruined by the fall in prices, and Dutch commerce suffered a severe shock. Although Mackay's book is a classic, his account is contested. Many modern scholars feel that the mania was not as extraordinary as Mackay described and argue that not enough price data are available to prove that a tulip bulb bubble actually occurred.
The Worlds First Financial Bubble? - Tulip Mania - European History - Part 1 - Extra History
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Amsterdam, The Dutch Republic, 1630. Here Tulips are all the craze! You want them, your mom wants them, even that ship merchant across the road wants them! But, we're not planting them in our gardens. We're INVESTING! Triggering the first-ever "financial bubble" from these Nice Flippen Tulips.
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the...
published: 07 May 2022
How a Random Flower Became the Bitcoin of the 1600s
When Bitcoin came screaming back into the public consciousness in late 2017, there was a lot of talk about whether or not Bitcoin is an economic bubble. The crypto currency flew under the radar for several years and then all of a sudden it skyrocketed in market value. But what goes up must come down and nowhere was this more evident than the Tulip Mania which inflamed Europe in the 1630s.
#TulipMania #Bitcoin #WeirdHistory
published: 17 Dec 2021
The Tulip Mania – The Great Dutch Economic Bubble
Tulips in the Netherlands are a national symbol and a major tourist attraction, especially during spring. This phenomenon reflects the rich history of tulips in Dutch economy and culture, dating back to the 17th century when "Tulip Mania" caused tulip prices to skyrocket.
See U in History
#SeeUinHistory #History
published: 31 Jan 2024
Adam Ruins Everything - The True Origins of Tulipmania | truTV
Tulips were considered a luxury item and status symbol during the Dutch economic boom of the 1630s, leading to the word’s first economic bubble.
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published: 12 Apr 2018
What causes economic bubbles? - Prateek Singh
View full lesson: http://ed.ted.com/lessons/what-causes-economic-bubbles-prateek-singh
During the 1600’s, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a depression. What happened? Prateek Singh explains the peak of a business cycle, commonly referred to as a mania.
Lesson by Prateek Singh, animation by Simon Ampel.
published: 04 May 2015
Tulip Bulbs, Bored Apes and Bubbles
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The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation is claimed to have driven the value of tulip bulbs to extreme levels. At the market’s peak, the rarest tulip bulbs traded for as much as six times the average person’s annual salary.
Today, the story of tulipmania serves as a parable for the pitfalls that excessive greed and speculation in investing can lead to.
The story of tulip-mania gained popular attention in 1841 with the pu...
published: 14 Mar 2023
The Crash - Tulip Mania - European History - Part 4 - Extra History
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Haarlem, February 10th 1637. The college opens up to another exciting day of trading tulips but as the auctioneer starts the bidding, the floor becomes quiet. Panicked stares cross the room as no one begins to bid and those holding Tulip Contracts realize that this is the beginning of the Tulip Market Crash.
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 -...
published: 28 May 2022
Farming Gold! - Tulip Mania - European History - Part 2 - EXTRA HISTORY
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Amsterdam 1625, The competition for new plant specimens is fierce! Especially since Europe has a new love affair with TULIPS! Not just any tulips though! Specimens with broken colors fetched a higher price but how DID these non-native species make their way to Europe?
Find out now, as we geek out and show you how the seeds were sown for Tulip Mania!
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness:...
published: 14 May 2022
The Tulip Mania: A Lesson in Economic Madness
I Spent a Fortune on Tulips and Discovered the Shocking Truth! #shorts #economics #TulipMania #Netherlands #speculation #marketbubble #historicalevents #1630s #tulipbulbs #wealth #economicchaos
published: 19 Oct 2024
Tulip Mania | 3 Minute History
If anyone thinks I should cover a topic please feel free to send a script - [email protected]
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And thanks for the 14,000 subs
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Amsterdam, The Dutch Republic, 1630. Here Tulips are all th...
--- Wanna watch without ads and see exclusive content? Go to https://go.nebula.tv/extrahistory ---
Amsterdam, The Dutch Republic, 1630. Here Tulips are all the craze! You want them, your mom wants them, even that ship merchant across the road wants them! But, we're not planting them in our gardens. We're INVESTING! Triggering the first-ever "financial bubble" from these Nice Flippen Tulips.
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
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♪ Outro Music: "First Financial Bulb!" by Tiffany Roman
#ExtraHistory #TulipMania #History
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Amsterdam, The Dutch Republic, 1630. Here Tulips are all the craze! You want them, your mom wants them, even that ship merchant across the road wants them! But, we're not planting them in our gardens. We're INVESTING! Triggering the first-ever "financial bubble" from these Nice Flippen Tulips.
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
---- Thanks for participating in this week's discussion! ----
Check out our community guidelines so we can have MORE high-quality conversations: https://www.extracredits.site/extra-credits-community-code-of-con
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#ExtraHistory #TulipMania #History
When Bitcoin came screaming back into the public consciousness in late 2017, there was a lot of talk about whether or not Bitcoin is an economic bubble. The cry...
When Bitcoin came screaming back into the public consciousness in late 2017, there was a lot of talk about whether or not Bitcoin is an economic bubble. The crypto currency flew under the radar for several years and then all of a sudden it skyrocketed in market value. But what goes up must come down and nowhere was this more evident than the Tulip Mania which inflamed Europe in the 1630s.
#TulipMania #Bitcoin #WeirdHistory
When Bitcoin came screaming back into the public consciousness in late 2017, there was a lot of talk about whether or not Bitcoin is an economic bubble. The crypto currency flew under the radar for several years and then all of a sudden it skyrocketed in market value. But what goes up must come down and nowhere was this more evident than the Tulip Mania which inflamed Europe in the 1630s.
#TulipMania #Bitcoin #WeirdHistory
Tulips in the Netherlands are a national symbol and a major tourist attraction, especially during spring. This phenomenon reflects the rich history of tulips in...
Tulips in the Netherlands are a national symbol and a major tourist attraction, especially during spring. This phenomenon reflects the rich history of tulips in Dutch economy and culture, dating back to the 17th century when "Tulip Mania" caused tulip prices to skyrocket.
See U in History
#SeeUinHistory #History
Tulips in the Netherlands are a national symbol and a major tourist attraction, especially during spring. This phenomenon reflects the rich history of tulips in Dutch economy and culture, dating back to the 17th century when "Tulip Mania" caused tulip prices to skyrocket.
See U in History
#SeeUinHistory #History
Tulips were considered a luxury item and status symbol during the Dutch economic boom of the 1630s, leading to the word’s first economic bubble.
SUBSCRIBE to g...
Tulips were considered a luxury item and status symbol during the Dutch economic boom of the 1630s, leading to the word’s first economic bubble.
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About Adam Ruins Everything:
In Adam Ruins Everything, host Adam Conover employs a combination of comedy, history and science to dispel widespread misconceptions about everything we take for granted. A blend of entertainment and enlightenment, Adam Ruins Everything is like that friend who knows a little bit too much about everything and is going to tell you about it... whether you like it or not.
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truTV is the home for original, creator-driven comedy series with a distinct point of view. With millions of engaged fans across linear, digital and social channels, the cable network features a growing roster of critically-acclaimed premium scripted, non-scripted and hybrid series, such as Adam Ruins Everything, At Home with Amy Sedaris, Bobcat Goldthwait’s Misfits & Monsters, Hack My Life, I’m Sorry, Impractical Jokers, Jon Glaser Loves Gear, Talk Show the Game Show, The Carbonaro Effect, The Chris Gethard Show, Those Who Can’t and more. As a division of Turner, truTV is also a partner in airing the NCAA Division I Men's Basketball Championship each year.
Adam Ruins Everything - Tulipmania | truTV
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Tulips were considered a luxury item and status symbol during the Dutch economic boom of the 1630s, leading to the word’s first economic bubble.
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About Adam Ruins Everything:
In Adam Ruins Everything, host Adam Conover employs a combination of comedy, history and science to dispel widespread misconceptions about everything we take for granted. A blend of entertainment and enlightenment, Adam Ruins Everything is like that friend who knows a little bit too much about everything and is going to tell you about it... whether you like it or not.
About truTV:
truTV is the home for original, creator-driven comedy series with a distinct point of view. With millions of engaged fans across linear, digital and social channels, the cable network features a growing roster of critically-acclaimed premium scripted, non-scripted and hybrid series, such as Adam Ruins Everything, At Home with Amy Sedaris, Bobcat Goldthwait’s Misfits & Monsters, Hack My Life, I’m Sorry, Impractical Jokers, Jon Glaser Loves Gear, Talk Show the Game Show, The Carbonaro Effect, The Chris Gethard Show, Those Who Can’t and more. As a division of Turner, truTV is also a partner in airing the NCAA Division I Men's Basketball Championship each year.
Adam Ruins Everything - Tulipmania | truTV
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View full lesson: http://ed.ted.com/lessons/what-causes-economic-bubbles-prateek-singh
During the 1600’s, the exotic tulip became a nationwide sensation; some...
View full lesson: http://ed.ted.com/lessons/what-causes-economic-bubbles-prateek-singh
During the 1600’s, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a depression. What happened? Prateek Singh explains the peak of a business cycle, commonly referred to as a mania.
Lesson by Prateek Singh, animation by Simon Ampel.
View full lesson: http://ed.ted.com/lessons/what-causes-economic-bubbles-prateek-singh
During the 1600’s, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a depression. What happened? Prateek Singh explains the peak of a business cycle, commonly referred to as a mania.
Lesson by Prateek Singh, animation by Simon Ampel.
Get 40% off Blinkist premium, only valid until the end February! Enjoy 2 memberships for the price of 1. Start your 7-day free trial by clicking here: https://w...
Get 40% off Blinkist premium, only valid until the end February! Enjoy 2 memberships for the price of 1. Start your 7-day free trial by clicking here: https://www.blinkist.com/patrickboyle or scanning the QR code.
The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation is claimed to have driven the value of tulip bulbs to extreme levels. At the market’s peak, the rarest tulip bulbs traded for as much as six times the average person’s annual salary.
Today, the story of tulipmania serves as a parable for the pitfalls that excessive greed and speculation in investing can lead to.
The story of tulip-mania gained popular attention in 1841 with the publication of the book Extraordinary Popular Delusions and the Madness of Crowds, written by Scottish journalist Charles Mackay, who wrote that at one point 5 hectares (12 acres) of land were offered for a single tulip bulb. Mackay claimed that many investors were ruined by the fall in prices, and Dutch commerce suffered a severe shock. Although Mackay's book is a classic, many modern historians believe that the mania was not as extreme as he described.
More interestingly Mackay lived through three much bigger speculative bubbles in his lifetime in railway stocks, and not only did he not recognize them as bubbles, but he participated in them.
Patrick's Books:
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The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation is claimed to have driven the value of tulip bulbs to extreme levels. At the market’s peak, the rarest tulip bulbs traded for as much as six times the average person’s annual salary.
Today, the story of tulipmania serves as a parable for the pitfalls that excessive greed and speculation in investing can lead to.
The story of tulip-mania gained popular attention in 1841 with the publication of the book Extraordinary Popular Delusions and the Madness of Crowds, written by Scottish journalist Charles Mackay, who wrote that at one point 5 hectares (12 acres) of land were offered for a single tulip bulb. Mackay claimed that many investors were ruined by the fall in prices, and Dutch commerce suffered a severe shock. Although Mackay's book is a classic, many modern historians believe that the mania was not as extreme as he described.
More interestingly Mackay lived through three much bigger speculative bubbles in his lifetime in railway stocks, and not only did he not recognize them as bubbles, but he participated in them.
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
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Join this channel to support making this content:
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---- To learn more about Brilliant, go to https://brilliant.org/ExtraCredits/ and sign up for free. And also, the first 200 people that go to that link will get...
---- To learn more about Brilliant, go to https://brilliant.org/ExtraCredits/ and sign up for free. And also, the first 200 people that go to that link will get 20% off the annual Premium subscription. ----
Haarlem, February 10th 1637. The college opens up to another exciting day of trading tulips but as the auctioneer starts the bidding, the floor becomes quiet. Panicked stares cross the room as no one begins to bid and those holding Tulip Contracts realize that this is the beginning of the Tulip Market Crash.
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
---- Thanks for participating in this week's discussion! ----
Check out our community guidelines so we can have MORE high-quality conversations: https://www.extracredits.site/extra-credits-community-code-of-con
---- Want to support the people who make this show? ----
Become a Patreon Member & Vote on future Extra History episodes! http://bit.ly/EHPatreon
Or show off your fandom with our merch! http://extracredits.store/
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♪ Music by Demetori: http://bit.ly/1EQA5N7
♪ Outro Music: "First Financial Bulb!" by Tiffany Roman
Download the Music on Patreon!
Narrated by: Matt Krol
Written by: Robert Rath
Art by: Ali Thome
Edited by: Aidan Strite & Mac Owens
#ExtraHistory #TulipMania #History
---- To learn more about Brilliant, go to https://brilliant.org/ExtraCredits/ and sign up for free. And also, the first 200 people that go to that link will get 20% off the annual Premium subscription. ----
Haarlem, February 10th 1637. The college opens up to another exciting day of trading tulips but as the auctioneer starts the bidding, the floor becomes quiet. Panicked stares cross the room as no one begins to bid and those holding Tulip Contracts realize that this is the beginning of the Tulip Market Crash.
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
---- Thanks for participating in this week's discussion! ----
Check out our community guidelines so we can have MORE high-quality conversations: https://www.extracredits.site/extra-credits-community-code-of-con
---- Want to support the people who make this show? ----
Become a Patreon Member & Vote on future Extra History episodes! http://bit.ly/EHPatreon
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Narrated by: Matt Krol
Written by: Robert Rath
Art by: Ali Thome
Edited by: Aidan Strite & Mac Owens
#ExtraHistory #TulipMania #History
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Amsterdam 1...
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Amsterdam 1625, The competition for new plant specimens is fierce! Especially since Europe has a new love affair with TULIPS! Not just any tulips though! Specimens with broken colors fetched a higher price but how DID these non-native species make their way to Europe?
Find out now, as we geek out and show you how the seeds were sown for Tulip Mania!
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
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Amsterdam 1625, The competition for new plant specimens is fierce! Especially since Europe has a new love affair with TULIPS! Not just any tulips though! Specimens with broken colors fetched a higher price but how DID these non-native species make their way to Europe?
Find out now, as we geek out and show you how the seeds were sown for Tulip Mania!
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
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I Spent a Fortune on Tulips and Discovered the Shocking Truth! #shorts #economics #TulipMania #Netherlands #speculation #marketbubble #historicalevents #1630s #...
I Spent a Fortune on Tulips and Discovered the Shocking Truth! #shorts #economics #TulipMania #Netherlands #speculation #marketbubble #historicalevents #1630s #tulipbulbs #wealth #economicchaos
I Spent a Fortune on Tulips and Discovered the Shocking Truth! #shorts #economics #TulipMania #Netherlands #speculation #marketbubble #historicalevents #1630s #tulipbulbs #wealth #economicchaos
If anyone thinks I should cover a topic please feel free to send a script - [email protected]
Thanks to Xios, Alan Haskayne, Lachlan Lindenmayer, William Cra...
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And thanks for the 14,000 subs
If anyone thinks I should cover a topic please feel free to send a script - [email protected]
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And thanks for the 14,000 subs
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Amsterdam, The Dutch Republic, 1630. Here Tulips are all the craze! You want them, your mom wants them, even that ship merchant across the road wants them! But, we're not planting them in our gardens. We're INVESTING! Triggering the first-ever "financial bubble" from these Nice Flippen Tulips.
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
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When Bitcoin came screaming back into the public consciousness in late 2017, there was a lot of talk about whether or not Bitcoin is an economic bubble. The crypto currency flew under the radar for several years and then all of a sudden it skyrocketed in market value. But what goes up must come down and nowhere was this more evident than the Tulip Mania which inflamed Europe in the 1630s.
#TulipMania #Bitcoin #WeirdHistory
Tulips in the Netherlands are a national symbol and a major tourist attraction, especially during spring. This phenomenon reflects the rich history of tulips in Dutch economy and culture, dating back to the 17th century when "Tulip Mania" caused tulip prices to skyrocket.
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Tulips were considered a luxury item and status symbol during the Dutch economic boom of the 1630s, leading to the word’s first economic bubble.
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During the 1600’s, the exotic tulip became a nationwide sensation; some single bulbs even sold for ten times the yearly salary of a skilled craftsman. Suddenly, though, the demand completely plummeted, leaving the tulip market in a depression. What happened? Prateek Singh explains the peak of a business cycle, commonly referred to as a mania.
Lesson by Prateek Singh, animation by Simon Ampel.
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The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation is claimed to have driven the value of tulip bulbs to extreme levels. At the market’s peak, the rarest tulip bulbs traded for as much as six times the average person’s annual salary.
Today, the story of tulipmania serves as a parable for the pitfalls that excessive greed and speculation in investing can lead to.
The story of tulip-mania gained popular attention in 1841 with the publication of the book Extraordinary Popular Delusions and the Madness of Crowds, written by Scottish journalist Charles Mackay, who wrote that at one point 5 hectares (12 acres) of land were offered for a single tulip bulb. Mackay claimed that many investors were ruined by the fall in prices, and Dutch commerce suffered a severe shock. Although Mackay's book is a classic, many modern historians believe that the mania was not as extreme as he described.
More interestingly Mackay lived through three much bigger speculative bubbles in his lifetime in railway stocks, and not only did he not recognize them as bubbles, but he participated in them.
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Haarlem, February 10th 1637. The college opens up to another exciting day of trading tulips but as the auctioneer starts the bidding, the floor becomes quiet. Panicked stares cross the room as no one begins to bid and those holding Tulip Contracts realize that this is the beginning of the Tulip Market Crash.
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
---- Thanks for participating in this week's discussion! ----
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♪ Music by Demetori: http://bit.ly/1EQA5N7
♪ Outro Music: "First Financial Bulb!" by Tiffany Roman
Download the Music on Patreon!
Narrated by: Matt Krol
Written by: Robert Rath
Art by: Ali Thome
Edited by: Aidan Strite & Mac Owens
#ExtraHistory #TulipMania #History
---- Use code EXTRACREDITS16 for up to 16 FREE MEALS + 3 Surprise Gifts across 6 HelloFresh boxes plus free shipping at https://bit.ly/3qksy9M ----
Amsterdam 1625, The competition for new plant specimens is fierce! Especially since Europe has a new love affair with TULIPS! Not just any tulips though! Specimens with broken colors fetched a higher price but how DID these non-native species make their way to Europe?
Find out now, as we geek out and show you how the seeds were sown for Tulip Mania!
---- Miss an episode in our Tulip Mania Series? ----
Part 1 - NFTs (Non-Fungible Tulips): https://youtu.be/QL5-YbvmYLE
Part 2 - Farming Gold: https://youtu.be/BgBdUWL85nI
Part 3 - To The Moon: https://youtu.be/h8Ng74D_9_Q
Part 4 - The Crash: https://youtu.be/GpDxENI64zI
Part 5 - Eternal Madness: https://youtu.be/7GApMtJ1QZQ
Series Wrap-up / Lies Episode - https://youtu.be/ZbuFKZVdMUo
Music From the Show - "First Financial Bulb!" - https://youtu.be/b2EhkP72ELc
---- Thanks for participating in this week's discussion! ----
Check out our community guidelines so we can have MORE high-quality conversations: https://www.extracredits.site/extra-credits-community-code-of-con
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I Spent a Fortune on Tulips and Discovered the Shocking Truth! #shorts #economics #TulipMania #Netherlands #speculation #marketbubble #historicalevents #1630s #tulipbulbs #wealth #economicchaos
If anyone thinks I should cover a topic please feel free to send a script - [email protected]
Thanks to Xios, Alan Haskayne, Lachlan Lindenmayer, William Crabb, Derpvic, Seth Reeves and all my other Patrons. If you want to help out - https://www.patreon.com/Jabzy?ty=h
And thanks for the 14,000 subs
Tulip mania or tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.
At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded speculative bubble (or economic bubble), although some researchers have noted that the Kipper- und Wipperzeit episode in 1619–22, a Europe-wide chain of debasement of the metal content of coins to fund warfare, featured mania-like similarities to a bubble. The term "tulip mania" is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.
The 1637 event was popularized in 1841 by the book Extraordinary Popular Delusions and the Madness of Crowds, written by British journalist Charles Mackay. According to Mackay, at one point 12 acres (5 ha) of land were offered for a Semper Augustus bulb. Mackay claims that many such investors were ruined by the fall in prices, and Dutch commerce suffered a severe shock. Although Mackay's book is a classic, his account is contested. Many modern scholars feel that the mania was not as extraordinary as Mackay described and argue that not enough price data are available to prove that a tulip bulb bubble actually occurred.
MicroStrategy Buys More Bitcoin, Joining Nasdaq 100... Bloomberg ... But that's not the whole story ... Rather than the next value-free "tulip bulb craze," Bitcoin is serving a significant purpose for people who aren't just expecting it to gain value over time.
... the tulip mania of 16th-centuryHolland and the dot-com bubble of the late 1990s. “This reminds me too much of the tulip bulb craze and the high-tech craze of the late 20th century,” Gartman remarked.
Ken Griffin, founder of Citadel, compared Bitcoin to the 17th-century tulip mania, a historic financial bubble in which tulip prices skyrocketed and then crashed.
Others? Still throwing stones from the sidelines ... Meanwhile, Citadel’s Ken Griffin once ridiculed Bitcoin as the financial equivalent of tulip mania. In 2021, he went as far as to say the crypto craze was a “jihadist call” against the dollar ...Ray Dalio.
Arnold Palmer valued civility ...Anyone thinking of investing in cryptocurrencies would be well-advised to go back and read about the tulip craze in Holland in the late 1600s. At the end of that craze, the losers at least ended up with some flowers.
A suburban dystopia where the totalitarian government is obsessed with cats? A reimagining of the Dutch tulip craze where demons work behind the scenes? A comic about anthropomorphic teenagers ...
PREMIUM Nearly three lakh tulips have been planted in shades of white, pink, yellow, orange, purple and black for this year's festival.(Photo... In 17th centuryHolland, a prosperous trading country at the time, a craze developed around the tulip.
the spot Bitcoin ETF... They’re more like digital tulips, reminiscent of the Dutch tulip bubble of the 1600s. The craze for cryptocurrencies is reaching such heights that even the NYSE and Nasdaq are starting to trade Bitcoin ETFs ... ....
... loosely be called Tech Startup Hubris; we’ve seen DumbMoney (about GameStop), WeCrashed (about WeWork), and The Beanie Bubble (about the bizarre 90s web-driven tulip-style craze for Beanie Babies).
Awide variety of industries utilize blockchain technology to boost their bottom line, but it still seems to have avoided the ‘Tulip mania’, Uma explains. In the 17th century the price of tulip bulbs skyrocketed ... The period was called Tulip Mania.
In the 17th century, there was a famous event called the Tulip Bubble in the Netherlands. A craze for tulips among the upper class drove up the price of a single tulip bulb to as high as the value of a luxurious mansion in 1636.
“Even with the tulip craze, you had to be a member of the landed gentry to be able to afford that stuff ... ‘One of the biggest and most absurd speculative crazes in history’… Kristin Gore on the craze that inspired the film.
Tulips were a symbol of prosperity in the Ottoman Empire, and the period between 1718 and 1730 is even referred to as "the Tulip Era" because of a tulip craze among Ottoman elites ... the Tulip" project to enhance the flower's visibility around the city.
The panelists looked back to the Dutch tulip bubble of the 1600s and the British bicycle craze of 1896, but also much more recent experiences—such as the 1960s mania for electronics stock and the crypto bubble of 2021—to learn from history ... ....