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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s