Panchronia

Tulip mania

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1637 · Haarlem · Europe · Culture

A single tulip bulb costs more than a decade of wages

Tulip mania
Public domain · Wikimedia Commons

In the winter of 1636–37 the Dutch traded tulip bulbs still in the ground through contracts signed in taverns, and prices for rare varieties soared. In February 1637 the market collapsed within days — though modern historians doubt it ruined many people.

State: Dutch Republic, Dutch Republic

Did you know

In 1637 a single tulip bulb could cost more than ten years of a skilled craftsman's wages. That was the peak of Dutch tulip mania — the market crashed that same February. Share →

The word "tulip" comes from "turban". The flower reached Europe from the Ottoman Empire, its name from a Persian word for turban — and the Ottomans had their own Tulip Period some 80 years after the Dutch mania. Share →

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