Tulip Mania - when flowers cost more than a house

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Tulip mania explained: History's First Financial Bubble

In 1637, a single tulip bulb sold for more than an Amsterdam canal house. But was the Dutch Republic really brought to its knees by a flower?

This video dives deep into the truth behind Tulip Mania—a speculative frenzy during the Dutch Golden Age, where rare tulip bulbs became the object of intense financial speculation. Discover how a unique combination of wealth, early futures contracts ("windhandel"), and herd mentality sparked one of the most infamous market bubbles in history.

We’ll unpack:
The economic power of the Dutch East India Company
How tulips went from exotic status symbols to speculative assets
The role of tavern-based futures trading in Haarlem and Amsterdam
The crash of 1637 and its surprising aftermath
Why most of what we think we know—like the jailed sailor story—is myth
Parallels between Tulip Mania and modern bubbles like crypto, NFTs, and the dot-com crash

Based on the latest academic research, including insights from historian Anne Goldgar, this episode debunks common misconceptions and reveals what Tulip Mania really teaches us about markets, human psychology, and financial risk.

Disclaimer:
The videos on the Boring Finance Guy channel are not intended as financial advice and are provided for informational purposes only.

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