Dutch ‘Tulip Fever’ or ‘Tulip Mania’ was neither Fever nor Mania. Discuss.

cropped-logo1.pngOften used to describe the madness of crowds, the dot-com bubble, and most recently the modern day gold rush for cryptocurrencies like Bitcoin, 17th-century Dutch Tulip Mania has become the go-to case study illustrating the dangers of wanton speculation and how it leads to a spectacular decline, bubble burst, or crash.

The Smithsonian takes a look at the veracity of such references and finds them all to be little more than rubbish.  We tend to agree.

Image: The Tulip Folly, Wikimedia Commons


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