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Dutch Tulip Bubble

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26 views

Dutch Tulip Bubble

Uploaded by

yasleiryw
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Dutch Tulip

Bubble

By: Irie Morton, Mary Gaissert,


Savannah Duell ,Yasleiry Williams
A description of the beginnings and progression
By 1634, in part as a result of demand from the French, speculators
began to enter the market. The contract price of rare bulbs continued
to rise throughout 1636. By November, the price of common, "unbroken"
bulbs also began to increase, so that soon any tulip bulb could fetch
hundreds of guilders

Guilder- the basic monetary unit of the Netherlands equal to 100 cents
How did the event become widely known
The Tulip Mania became widely known after they arrived in Europe in
the 16th Century. They were known as a luxury item for gardens of the
affluent. The merchant class demanded to have some, but tulips were
very expensive. They started selling the tulip buds for less, and
eventually the stock market crashed.
How Did the Moral Leaders Respond?
The Moral Leaders responded with opportunities to go M
through the legal system to make sure everything was fair. O
Although the plan crashed along with the tulip market. R
Leaving a lot of people in debt because they were not backed A
up by a legal system. L
L
E
A
D
E
R
S
How did the event end?
Other florists took noticed and by the first week of February
1637, the boom ended with a crash that began at an auction in
Haarlem. The first offer of bulbs at auction didn’t receive bids.
The price was lowered, still with no bids, then lowered again. The
growers and the florists ended in massive debt because they
couldn't agree on prices.
Works Cited

“Crisis Chronicles: Tulip Mania, 1633-37 - Liberty Street Economics.” Liberty Street Economics, 6 Sept. 2013,

libertystreeteconomics.newyorkfed.org/2013/09/crisis-chronicles-tulip-mania-1633-37/#:~:text=Other%20florists%20took%20notice. Accessed 16 Aug.

2024.

Hayes, Adam. “Tulipmania: About the Dutch Tulip Bulb Market Bubble.” Investopedia, 25 June 2024,

www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp.

Wikipedia contributors. “Tulip Mania.” Wikipedia, 14 Aug. 2024, en.wikipedia.org/wiki/Tulip_mania.

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