Dr Kat and "Tulip Mania"
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- Опубликовано: 28 авг 2024
- I thought I knew all about “Tulip Mania” and I was planning to share the ridiculous tale with you all. However, once is scratched the surface of the story and the “click bait” I discovered that recent scholarship has a far more moderate story to tell!
I hope you enjoy this video and find it interesting!
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Intro / Outro song: Silent Partner, "Greenery" [ • Greenery - Silent Part... ]
Images:
Coloured images of the “Semper Augustus” tulip; collated for gardenofeaden....
Charles Mackay by Herbert Watkins (albumen print, late 1850s). Held by the National Portrait Gallery.
Image of Charles Mackay text in first edition, from www.manhattanr...
Quoted texts:
Dan Piepenbring article, Paris Review (2014): www.theparisre...
Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
www.amazon.co....
Peter M. Garber, Famous First Bubbles: The Fundamentals of Early Manias (2001)
www.amazon.co....
Anne Goldgar, Tulipmania: Money, Honor and Knowledge in the Dutch Golden Age (2008)
www.amazon.co....
See also, the article in which she discusses this research: theconversatio...
This is a very well researched report. More people should see this. Thank you so much, Dr Kat.
Thank you! I am pleased you enjoyed the video.
Thank-you for covering this topic. Economic History is terribly underrepresented in mainstream media (unlike, say, Military History), and I am delighted that you are helping remedy that deficiency in some small way. I second the call for a future video about the South Sea Bubble.
Hello Dr.Kat! I think this story reminds us of what folks are willing to sacrifice or give for the newest and most unique thing. In my lifetime, the first edition of Cabbage Patch dolls in the late 70’s early 80’s were expensive and impossible for parents to obtain. A wealthy couple who were dear friends of our family deposited a “decent” amount of money in a local bank TWICE to obtain a doll for my sister and I for Christmas that year. ( Neither mu parents or we requested them). I kept her until a fee years ago because of the crazy i remembered at the time, and the kindness they showed. Folks fought over them! It is not as nationally important as the Tulip Crisis but.. it gives me context. Have a great day!
Darn! First, it was Walter Raleigh and the cloak; then, it was Marie Antoinette and "cake"; now this. LOL I think we just love the notion of the fantastic.
As a Canadian, I appreciate the gift of 10,000 bulbs every year to our Government from The Netherlands, in appreciation for designating a single hospital room as Netherland territory to the Princess so she could be born on Netherland soil.
Sounds interesting!
Tell us more!
And also, the huge role that we had in freeing the Netherlands from Nazi occupation. :D
Thanks Dr. Kat. The adage 'A fool and his money are soon parted' may hold the key to our delight in Mackay's sensational telling of this tale. When a story is told that adheres to this narrative, we enjoy it. You initially referred to the dutch investors as 'foolish' at first. 'Financial fecklessness' is the word Piepnbring uses! Same with the 'more fantastic than fiction' line. The satisfaction we derive from a closed loop or a perfect example to galvanize our point, can be caused by activation of reward pathways in our brain. It's a powerfully pleasing feeling, so thank you for examining the easy 'high' and digging deeper.
For me it's the beautiful tulip it self. The beauty of the flower it self so many different colors. Love them
We like to believe that we are so much more advanced and sophisticated than "the superstitious" weirdos of the past; but when you consider that someone recently, with clearly more money than brains, just purchased "banana taped to a board" for millions, I think it is highly likely that this tulip tally is accurate. Need I mention the sports and movie stars that buy gold toilet bowls?
Danyelle Jorgensen, I agree with you that we all love to feel more sophisticated & superior to those who came before, or who live in different parts of the world. Personally I think our Dutch "Tulip Mania" had little to do with Superstition. It was powered by plain GREED: people wanting to get rich quick. That wish is alive and well, around the world, today.
And that 'banana taped to a board' is what some super rich silly people want to see as, and call: ART. I'm glad that their expensive hobby, seems to only cost them heaps of money😉.
(Luckily poorer people don't get sucked into the ART-world and don't lose their livelihoods as maybe some did during "Tulip Mania"). ✌🏻
Well, look at the recent crashes she mentioned at the start of the video as well. Humans just never learn.
Always powered by greed...greed is at the source of the worst events in history...for power, money, privilege, status...
Though this has comment has nothing to do with tulips. It does address the “hardship” and disappointment when one is confronted with “true” reality of what one believed as a historical event. For me, this happened, when as an adult, I discovered that the “history” of the story of the Von Trappe Family, as portrayed in the Sound of Music was NOT accurate, not a true historical account. Yes, I knew that Maria didn’t go singing the “Hills are Alive” in the mountains of Austria. But, as a child I was told that the “history” of the family being against Nazism, Hitler and not wanting to be forced to participate and ultimately their escape over the mountains was true. Imagine my disappointment when I learned, as adult, that the family willingly performed for Hitler and his henchmen and that they NEVER had to escape, they simply got on a train, rode out and chose to emigrate to the “golden streets” of the United States. In learning this, the story and the movie lose a great deal for me. It was my favorite movie that played every year, at Christmas, when I was a child. And, even after 30 years of now knowing the truth, I am greatly saddened - mournful - that it no longer is “special” in my eyes and heart, there is still a great disappointment. So . . . all that said as a way to answer your question about why some choose to hold onto “it is too fantastic to be fiction!” I don’t know, hopefully I’ve made some sense.
Thank you for your comment. I feel your pain I really do. I believed all I was told by my History teachers, for exams. How ever I could not reconcile that with what I had been taught and taught well at my Sunday school, I learnt about the slave trade, the abolitionists, the escape routes to Canada, The ovens the stolen gold, l learnt my spirituals, children in mines and factories, trafficking of children for prostitution from the east end. "London" The suffering in the trenches of my Grandfather who could not read. My Grandmother who was a slum sister and suffragette. I was always in trouble. How ever I love History but not as We know it.
People just love a wild story and being able to feel as if we are better or smarter than those from the past.
Such an intelligent and perceptive reading. Thank you.
As a Dutch citizen I think it was just plain greed...just a group of people trying to get rich quick, without much work effort [we still say; "getting rich while sleeping" ("slapend rijk worden"). Just like playing the Lottery. I don't believe that the 'Tulip Mania' was a real "National" obsession. Or spread far beyond the wealthier West part of the Contry, and it's few big merchant cities in the Netherlands. People in the countryside did not travel much and news spread slowly in those days. Most were dirt poor, kept their heads down, and tried to just survive from day to day. Plus we were at heart a Lutheran/Protestant Nation (especially in the countryside) who were weary of outward & showy opulence. Fearful of what God thought of that. It still confuses me, how that National "mindset", could eventually be squared with all the "showy" wealth (amongst the few very wealthy Dutch traders). As you see happening in the 'Dutch Golden Age' years.✌🏻
I think we like to believe ourselves to be superior to others, and use their follies to confirm that. I live here in Florida (USA) and twice a year we are driven mad by love bugs. (a harmless but annoying insect) EVERY YEAR I hear a plethora of people, educated people, laugh about how the love bugs were "invented." According to the story, the University of Florida created them in a lab and released them hoping they would eat mosquitoes and because of those idiot scientist we have to deal with the bugs twice a year. Not a single part of this story is true. They were not some sort of lab experiment gone wrong, they are actually a native species in Florida and some parts of South America. The story is fantastic and ridiculous, yet taken as the GOSPEL TRUTH. So many Floridians consider this to be a well known fact, and will even argue when you explain it isn't true. We love to believe the crazy things.
So many things in our lives nowadays are of that very same fiber of conspiracy theories, unfortunately. I wish people were smart enough to actually see through the smoke and mirrors and think rationally about things; however, the media sees to it that they do not.
Another Floridian here, and UF grad. That falsehood is so annoying. Lovebugs were here long ago.
We have them in Louisiana too.
I did nit know about this silky theory.. what fools these mortals be.
Truly enjoyed listening to this. It especially rang true as I am doing so from a quarantine home during the Covid pandemic.
Love all that u are teaching to me about English history. Very very interesting. Keeps me wanting more thank u......🙋🏻♀️🌹🌹🌹🌹
I enjoyed this video and thought it was a very well expressed explanation of a more real situation regarding so-called tulip mania so thank you
Living in Holland, Michigan USA, I found this very interesting. Our Tulip Time festival was cancelled this year due to Coronavirus, but you should come visit next year!
I would love to! Tulips are wonderful.
Honestly, I can't bring myself to believe it was truly a mania. I am a historian (of clothing) and I live in the Netherlands. The idea of the sober, conservative, frugal Dutch selling their farms and throwing away their livelihoods to buy a single tulip bulb strikes me as false. As a show of wealth, yes. Risking the bank on one bulb? I can't wrap my head around it. Not in the Netherlands.
Love your wonderful insights to the past. I think we have traded one mania for another over the years. Always looking for that next best thing. BTW...My husband and I have your theme tune embedded in our brains. It really is very catchy! Thanks for all your wonderful videos.
Recently stumbled upon your channel and am LOVING everything!! Your scholarship is impeccable and the way you present esoteric and complicated information is both easily digestible, thought provoking, and a pleasure to experience. Thank you for putting up these videos! :)
Excellent video. I read "Extraordinary Delusions" years ago. I was gratified by an update to its recountings. Have you done the South Sea Bubble already? Thank you for these videos.
I haven't, but I will happily add it to my list of future video topics. Many thanks 🌟
Great Idea! Please do. And thanks for this one. 😷
Really interesting. I knew about the so called Tulip crisis but you definitely added to my understand of it. Thank you
Wonderful presentation!
Thank you. A real treat with your insightful videos of such high quality. Very interesting.
So it was more like the Ty beanie baby craze than the prime mortgage bubble?
Cabbage Patch dolls. . .
And so many more throughout human history...
If crypto currency crashes, people in a century will see us as stupid and foolish for investing in virtual money.
A “mania” around tulips is an order of a magnitude more understandable than a “mania” around beanie babies. Just my slightly educated but damaged by years of (former) drug abuse opinion, so take it for what it’s worth.
Don’t sound damaged to me!
And congrats on overcoming your addiction.
Fabulous summary; when Dr Kat listed the finanacial messes through the years, the Darien Scheme wasn't included, which I understand was a more than significant influence on preparing the ground for the Act of Union between England and Scotland, affecting as it did the banking system in Scotland, whhich the Engllish government under Queen Anne used to full extent. Quite as important as the later South Sea Bubble.
Feeling not well on this Sunday, I started watching your videos at 8.00 o’clock. It is 20.30 and I am still at it ... binge watching for my education :-), do you have books or audiobooks out? I would love to buy them.
thank you for de-sentionalising the Tulip Mania. As being Dutch I find the Tulip Mania as annoying as the Hans Brinkers story and while there are enough sensational stories to tell about the Golden Age, the conquest and loss of Brasil, or the regime of terror over Banda, the ludicrous story of the Tulip Mania always stands out as a hallmark of the Dutch Golden Age.
The Tulipmania is a wonderfully flamboyant story. As a keen amateur gardener I find tulips entrancing. The blooms are sensual and sexy. They are less good value for money than daffodils in that daffodils once planted will generally come up and flower every year after but most tulips only flower the once and need growing on for a couple of years before they would flower again so mostly you but new ones to put in. So they are,sort of,more of a luxury. But who wouldn't be swept away by the beauty of these lovely flowers. I think all these crypto-currencies are going to leave a lot of people crying in the end.
I had no idea of the timeline of a Tulip. .which changes the whole perspective. Thank you, it makes sense. We do the same today.
Such fascinating, in-depth videos about really interesting topics. Brava, Dr Kat. I love this channel. I wonder if I've ever commented more than once on a video.. because I uh, may or may not have watched many of them more than once.... Haha, have yourself a good day. Cheers!
totally brilliant and very well done. Yes I agree with your thoughts. that at our core we aren't that different from our ancestors.
I am reminded of the adage I often heard as a child...”People are starving” ...as a response to this kind of behavior. I think it know when the purchases of gold plated bathroom fixtures and other such purchases appear in the press.
Tulips are my favorite flower. This year none of mine came up, that is my crisis😀. I would not trade food for them, but next year they might do better with more water! Mankind can be frivolous and suffer as a result.
Dr kat! you have to remember- water is not food!! fertilizer NPK is food😊 compost is food- water is necessary- but not food😊😁 and start a garden by just scattering seeds - just a few bucks and set a sprinkler on a timer - easy and satisfying 🌸🌼🌺💐
I never knew that about Tulips... really interesting... thank you..
Reminding me of why I’ve never purchased wine futures. What if it turns out tasting like battery acid 😉
My mother had that book. I always wanted to read it but don’t know what happened to it.
Thank you for another interesting video.
The Tulip is my favorite flower🌷
Makes me think of orchids. Years to bloom and only now readily available with modern cloning and culture techniques.
Watching you....gosh there’s so much out there to learn 👍
I don't know... This is over my head!!!
Great topic!
Great subject Dr Kat very interesting. Isn't that what futures and derivatives are all about. My Brother in law betted (traded) on commodities that hadn't yet been planted or mined, or even existed. I know he retired just before the crash of 2008, a millionaire.
When i saw the title and then i started watching the video...all i could think of was of Alexandre Dumas's novel " The black tulip".
Well, that is something I will have to look up. Thank you.
@@maryblaylock6545 You're welcome. Hope you enjoy it.
Though with less mass economic implications, a similar example nowadays (or at least for those that grew up in the 90s), was the beanie baby craze. I know of people who emptied college funds to invest in beanie babies. I love collecting things, but that one always boggled my mind.
Interesting about frivolous spending on something as transitory as a flower bulb. I have a one word comment on that. Galanthophiles!
Why Snow Drops?
Jason Mack those collectors pay £thousands for a single bulb if its rare and very difficult to acquire. A single little snowdrop bulb. Just the one, which could be eaten by a rodent or get attacked by a virus the very next tulip season.
~ I dont like cut Flowers now , however , Ive always Loved n Will always Love Flowers ( Ive been a sucker , no pun for n not a Good World in that way .. ) . Especially for Dutch White TuLips when I was 16 . I brought a bundle to My Friends Moms ThanksGivings one Year , we were first-time roommates then around , 16 too . Recently reminded me of the Wishing Cups in the
9 of cups in the Tarot , Rider Waite . And like the HoLy Grail , Ace of Cups and Heart . White Casablanca LiLy , reminds me of Heaven , My Daughters name is LiLy n
White Camilla , Gardenias , Heaven n Magnolias , .. I Love All the Flowers , the symbology , the language , n a lil of the Esoteric Grimoire of , tobe within Gnostic Christian Value and Quality of Nature and Absolution . ALL of them , the pretty colorful ones too ❤ )
The past is not of this day,no one can imagine it's life and mores.
Everything viewed through a 'historians' eyes!
Human hysteria and gullibility was
more in ages past!
A serious question was McKay himself exaggerating to prove a point or were there other sources that led him to believe the situation was worse.
Alas, I can't give a really firm answer to this; presumably, he is receiving anecdotal accounts? Nevertheless, part of me wonders if it comes from a desire to tell a good story?
@@ReadingthePast, plus it's a "foreign" (Scottish) reporter that published & circulated this so called Dutch Mania. Who says he didn't embellish his story to make it more interesting?! Like foreigners embassadors to European courts giving "coloured" accounts of what they beheld, while being abroad in a strange country. What often was their motivation behind writing down what they did. We're they bias? Can their accounts be really trusted?
What´s missing from this analysis is the observation that the prices rose and fell so sharply because of speculation. It really wasn´t just rich people trying to acquire an en vogue product, but mainly people who thought to get rich quick after seeing rapidly rising prices. If it was just rich merchants, the tulip market would likely have grown gradually, like the art market in the past decades, and certainly not completely crash.
What saved the Dutch economy was the fact that not just the losers, but also the winners of the speculation lived in the country, and that few people bought tulip bulbs with borrowed money. This can definitely not be said about modern bubbles like houses and bitcoins. And since a few years, businesses have started offering the opportunity to ordinary citizens to buy shares of art pieces, so that market could suddenly inflate massively as well.
Gambling is gambling. It has been around forever and still grips most of us myriad ways. It seems to be part of our sweet human DNA.
I have a "black thumb" too!
Excellent talk Still going on today, I think We regulate, then deregulate Also. I think people are the same and have been for not just centuries but for thousands of years.. Mark Twain included a humourous description in "Roughing It" of investors in Comstock Mines in Virginia City Nevada.. Then the investors in boats for the spice trade trade, but I'd never heard of the Tulip Mania....maybe The Crusades...
Thanks for crushing another cherished belief.
I’d be interested in hearing you do a video about the South Sea Bubble. 🙂 Sorry if you’ve already done one and I missed it.
Me too thinks the tulip mania was talked about and exaggerated so much because people shook their heads about this fancies like tulip bulbs like we use to do when there's a new hyped item like fidget spinners or a magic cube. I think not the prices that were paid was recognized in the beginning but the very existence of people willing to pay for these like some of us do to collectors of stamps and what they are willing to pay. I really wonder what people will exaggerate in 100 or 200 years about our history and what they might find amusing and chuckling about.
Tulips are originally from Turkey.
Possibly it might have to do with the English language. Mackie was the first to write about 'Tulipmania' in the English language, and his view stuck with English language users. I've seen this happen in several other cases. For one, the first author to write an English language biography of Mozart (sorry, I forgot this gentleman's name) did so by translating German biographal works. He mistranslated the German word for 'building' as 'barn', and so he claimed that the theatre where Mozart's 'Magic Flute' was first performed was a 'wooden barn', and this has stuck in English language works about Mozart for more than a century. It amuses me, if there is a new English language work about Mozart, or even a new cd of the Magic Flute with an English language booklet, to check out the bit about the creation of that particular opera, and nine times out of ten, the bit about it being performed in a 'wooden barn' will still be there. I've even found references about Schikaneder (librettist, theatre director and first Papageno) 'locking Mozart up in a wooden shed until he had finished the opera', which is beyond ludicrous. But the 'barn' bit will stick, even after more than a century.
I believe that it is a language thing... I'm not particularly gifted when it comes to foreign languages. I even see myself as quite inept because I only speak three. But this is because I'm Dutch and Dutch schoolchildren get taught Dutch, English, German and French. While I'm pants at grammar and can't speak French for toffee, the idea that you simply never check the source material is anathema to me.
And it's not just history that I have found this strange British reluctance to read anything in a language not English... Boris Johnson, when he was Mayor of London, wanted to create a 'Little Holland', he wanted to have the benefits of more people cycling and he knew that the Dutch had extensive cycle infrastructure. Of course, he wanted what the Dutch had invested heavily in for forty years for the most minimal of cost in the shortest of time AND apparantly without doing ANY research. The resulting 'bicycle highway' in London had all the hallmarks of a cargo cult; it had merely copied what they saw through binoculars Over There without understanding exactly what Those Strange People Over There had done to make it work.
Note that the Dutch Fietsersbond (Cycling Union) had decades of research, documentation, books and articles, all for the asking. But they were all in Dutch.
Note also that the only English language book on cycling was by a man called Forrester, who became the guru of British cyclists. Forrester had never set foot in the Netherlands, but he had decided that Dutch cyclepaths were 'deadly' and 'dangerous' and this had become the gospel among British cycling and British cycling organisations. They pushed hard against the idea of 'being forced of the roads' unto those 'dangerous cycle lanes'. Look dudes, the country where they have done just that is just across the North Sea. Take a ferry and go have a look. Nope. Gonna read this English book from the Seventies by this English dude who has never ever ridden on a Dutch cycle path in his life.
Even worse, when they DO decide that there might be something in that Dutch Cycle Infrastructure thing, what do they do? They search among English language books and articles and find this Dutch guy called Hans Monderman, who had the idea, back in the Seventies, that if you removed all road signs and stoplights, 'people would have to negociate their way'. He believed that mankind's natural politeness and kindness would make drivers be more careful of vulnerable cyclists. He called this idea 'Shared Space'. Well, the Dutch did try his 'Shared Space' idea. Several times. And every time it failed. But every British cycling enthusiast or policy maker will talk about 'Shared Space' and believe it to be the secret of Dutch success.
I've been following this British cycling debate for the past ten years or so and it is FASCINATING (and deeply disturbing) to me how anyone would prefer to wast millions, if not billions of pounds instead of, I dunno, phoning the Fietsersbond (they all speak English, never worry) and ask them for some English language leaflets, or maybe, I dunno ask them what they'd recommend as the best information and then have some agency translate it? And before you think I'm Brit-bashing.. I love the Brits. I'm an Anglophile and even though it sometimes annoys me, I find also something deeply (and strangely) endearing in this blindness to anything not written in English
Look at current cravings for variegated monsteras! :-)
last year i watched a movie based on tulip mania, it was very interesting, trouble is i cant recall the title
It was Tulip Fever.
Have you ever heard of the book, "The Tipping Point". The author discusses how things go viral, whether they are diseases, trends or other ideas. Fascinating, small and well worth the quick read, it touches on how and why masses of people follow the crowd. Perhaps the theory could be considered in context to the Tulip crisis.
Too fantastic to be fiction!
There are wealthy people that buy "invisible art", empty frames that have a written description of the "art". I (and I think many other people) would call this frivolous and silly, but not necessarily stupid or irresponsible. The people that generally buy things like this are wealthy and have disposable income to spend without harming themselves or others. However, I wonder if that will be remembered 200 years from now.
There is a movie called Tulip Fever which was released in 2017.
I would like to know what you think of it when/if you're going to give it a shot.
My personal history is so fantastic, filled with coincidence, 'Oliver' Twists and Turns, evil and good in equal if unlikely measure that it being true is it's only path to process. If it were written as a novel it would beggar belief. I can relate to the idea that it is 'so fantastic it has to be true'. However, that is hardly the only measure of veracity.
We look at the tulip story for the same reason I watch Hoarders... it makes my own house seem neater by comparison :-)
It's like Jack & his magic beans..
“Pride and Prejudice” 😍
I recommend to those interested in the topic the film "Tulip Fever" directed by J. Chadwick, based on the book by Deborah Moggach. A word of caution - some viewers might find the sex scenes gratuitous ;-) It is a work of fiction, of course.
I have recently found your wonderful RUclips channel and have so enjoyed going back and listening to your catalog. Imo those that think that something is “too fantastic not to be the truth” also secretly believe in 🎅 and the tooth fairy. I guess I am a skeptic, but the more fantastic a claim the more evidence I need to be comfortable about that claim.
Interesting , never heard of this , even when I was a teen my ALL time favorite is Dutch White Tulips ! Symbolic of Cups , Vessles n Grail ..... of Wishes !
I Love ALL Flowers and Not particularly comfortable with Modern Contemporary practices with Nature , YinYang . The Language of Flowers , The Silent Beings of Nature who should not Exploited . Especially when is used for mechanism of philandering - Not of Love n of deception , delusion n manipulation . Im the same like You Not really Lucky with care giving for Flowers , over wateringly . Endangered ' species n abused Trees like Sandlewood are a major Ethical problem .
My favourite Garden is the Whimsical English Garden , should I say Everyones Ideal , Natural and Non contrived + 💟
Super curious about the bottles on your shelf......?
Was this mania attached to the narcotic opium trade, opium is made from tulips, and additionally a cause for crime & HUGE criminal regimes, which plagued eastern and western societies for a looooonnngg time?
In my humble opinion, tulip bulbs are just as efimeral (or more so) than market stocks, with the differennce that they at least can be pretty and bring pleasure to the owners. Market stocks usually make people suffer due to failing to do it "properly", yet investing in stocks is seen as smart and investing in tulips is seen as foolish.
Have you read ‘Tulip Fever’ by Deborah Moggach?
Well it turns out Deborah Moggach, "borrowed" straight from these other history books and manuscripts. Replacing a sailor for a weak "drunk" servant, in her novel, that ate a priceless tulip bulb: thinking it was an onion✌🏻.
Your a very nice fascinating person!
I never even heard of 🌷 mania
"Too fantastic to be fiction" ? Good Lord! The Flying Spaghetti Monster is too fantastic to be fiction?
How is this really much different than speculating on livestock. If you listen to the farm report you find people buying in may the calf that will not be sold until nov.
I suspect that for most people the attraction of these tulip bulbs was their financial rather than esthetic value. And of those who did buy them for their beauty and/or rarity, I imagine it was mostly as a display of their wealth and social status rather than appreciation of the intrinsic qualities of the flowers themselves. Also, if you want to see a truly foolish purchase, you need look back only to the most recent purchase of an NFT...
That does actually sound like madness
Sorry to sound silly but I love your books arrangements in this video! We are not more advanced than people in History - we are always in a strange state of static. I think oneday we will look back on ourselves - especially in England say the Mental Health system as barbaric.
There is a current parallel to 'tulip madness' that's gone on for some time now. I recommend, if you are interested, that you go here first: ruclips.net/video/ihGSndVKE9M/видео.html
Tulips is like money now, it doesn't exist. Greedy sods with too much money who want more.
Only the closed mind is certain,the trained mind is a focussed one!
Dumas..The Black Tulip!
Pteridomania of the Victorians who risked life and limb to collect and "possess" ... ferns!,comes to mind,even collectors comic books or
teddy bears!
I am *very* interested in reading the newer thinking on this topic.
🌷💰🌷💰🌷
However, changed in scholarship about Dutch tulip markets does not improve my opinion of cryptocurrency markets.
🌷💰🌷💰🌷
when you stated that a fellow had eaten the bulb mistaking it for food it made me wonder if the people within the mania might have thought the bulbs may keep them healthy from disease but it think you're final reading seems the truth of the "mania"
Remember the Cabbage Patch doll craize.
We still haven’t quite learned yet.
❤️🇨🇦
Can't blame the Elite
I'm minded of the comment Stephen J. Gould attributes to a psychologist colleague, as to why dinosaurs are so popular: big, fierce, extinct.
In other words scary, but not too scary because away in the past, and so alluring. I should add that I do grow stripy tulips every year - quite irresistible - and though it's minutiae are way beyond me, the tulip fancy is still alive and well with "breeders" and "flamed" and "feathered" flowers and a whole terminology of its own, see: www.tulipsociety.co.uk/
I think it was exaggerated. .re the cheese and related list for effective value. People believed they would make their fortune. .and they could. .until it popped. Exaggeration is the word.
Why are we listening to, and believing, the man who apparently just decided to believe something that likely wasn't true with no other real basis then 'I decided to believe it', instead, for example, of considering the ideas of the woman who did a bunch of real research and made a cogent argument on the topic?... hmmm... if only we had some other examples of similar situations to draw from that might help to explain why this is happening...
Just think what they will say about the toilet paper shortage..😂😂😂
OH yeah!! With wild stories about pitched battles in the stores. During the Oil Crisis in 1972(3) we had the same shortage of trashbags, oil products were believed to become scarce so people stocked up all oil products: olive oil, salad oil , you name it.
Replace the word "tulip" with "stocks" and it's 1929, the penny stocks of the 1980s, this year's Gamestop shenanigans, and a dozen other examples I could offer given half an hour on google. Besides, I'm not sure spending ridiculous amounts of money on tulip bulbs is any worse than my grandmother's habit of buying Hummel figurines. At least tulips don't stare at you with beady little eyes and look like they're going to murder you in your sleep...
Something more foolish than a tulip bulb? Crypto currency hold my beer a frenzy of investing in something that doesn't even exist!! what can possibly go wrong!! Lol