Title: Tulip Bulb Mania

Essay Details

Subject: History
Date: December 28, 2012
Level: College
Length: 1 / 252
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

Most of the people that were buying the bulbs were hoping to resale the bulbs in order to make a profit, not to actually plant the flowers! While the average income for a person in those days was only 150 florins, many people were buying the tulips at 1,000 florins and up. Some people were even beginning to liquidate their assets, selling their land and their home...

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While the buying was good, many people made an excellent profit off of selling the flowers. However, by 1637, the people were beginning to realize how foolish they had been by investing so much money into a flower. When everyone tried to sell all of the flowers that they had, this majorly decreased the selling price of the tulips...

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