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Tulip Mania

Tulip Mania

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Tulip Mania

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  1. Tulip Mania 1634-167 1634-1637 By: JoJo Ulmen

  2. Key Definitions: • Mania: excessive or unreasonable desire, insane passion affecting one or many people • Bubble: speculative scheme that comes to nothing, an impracticable idea or belief • Florin and Guilder: basic units of money in Netherlands during the 17th century Definitions from: Dictionary.com

  3. ‘Zomerschoon’, 1620, relic of Tulipomania. How did the mania start? • First imported into Europe during the middle of the 16th century • Ideal conditions for optimal growth in Holland • Breaking • Increased popularity

  4. The Mania takes Root • Non-professionals enter into the tulip trade (1634) • Foreign Funds • Affect on prices • Turning point in Autumn of 1635 • Promissory notes

  5. The Windhandel (wind trade) • Futures market • Formation of “colleges” • Procedure • Two main incentives

  6. Pricing • Piece goods • Pound goods • -Semper Augustus: 5500 florins • Admirael Liefken: 4400 florins, • Admiralel van der Eyck: 1260 florins -aas/azen -Gheel ende Roote van Leyden: 46 to 515 guilders -Switser: 60 to 1800 guilders

  7. Physical Characteristics • Broken bulbs: pale, small, and colorful petals • -leaves have a softer green color • Regular bulbs: tall, stiffer petals and stalk, Wild tulip in the Kazakhstan steppe Viseroij weight: 410 aas, price 3000,- guildersweight 658 aas, catalogue of tulips and a small number of other flowers, published in 1637

  8. The Crash • Realization • Change in desires • Haarlem • Plan of action • Affects on the people

  9. Questions