On this episode we break down the fact vs. fiction about Tulip Mania. Tulip fever was a period of speculative frenzy in the Dutch Republic during the 17th century. At that time, the country was experiencing an economic boom, and the tulip trade was flourishing. Tulips were highly prized for their vibrant colors and unique patterns, and the demand for them was so high that their prices soared. This led to a speculative bubble where people were buying and selling tulips at inflated prices, some borrowing money to do so. However, the bubble eventually burst, and the tulip market crashed, causing many people to lose money. Despite the devastating consequences of tulip fever, it remains a fascinating historical event that has captivated people's imaginations for centuries. Over the years the tales have become more and more extreme, so what really happened?

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CITATIONS:ARTICLE: Crises in the Global Economy from Tulips to Today by Larry D. Neal, Marc D. WeidenmierBOOK: TulipmaniaMoney, Honor, and Knowledge in the Dutch Golden AgeAnne GoldgarARTICLE: https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

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