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

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Presentation transcript:

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

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

‘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 ‘Zomerschoon’, 1620, relic of Tulipomania.

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

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

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

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

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

Questions