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Created page with 'Tulip mania was a period durring th 1630's in holland when the Dutch deevoted a great deal of economic resources to the tulip and more devistatingly to tulip speculation. Tulips …'
Tulip mania was a period durring th 1630's in holland when the Dutch deevoted a great deal of economic resources to the tulip and more devistatingly to tulip speculation. Tulips are somewhat unique in that they can be produced by vegetative cloniat a very slow pace or by means of seeds with a substantial wait before flowering. This scarcity drove down supply which floated up the price. Every dutch citizen had the idea to spend a fortune on the bulb then raise it for a year to split it in two and sell it for two fortunes the next. Since the trend was unsustainablethe bottom fell out of the market and the Dutch were left with a baseless economy.<ref>Extraordinary Popular Delusions, volume 1. 1841. Charles Mackay. www.gutenberg.org/etext/636</ref>
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