In 1636, Amsterdam exploded into a frenzy of speculative trading over rare tulip bulbs. This episode explores the bizarre economic bubble known as tulip mania, where contracts for future bulbs traded for sums equal to a master craftsman’s annual wage. We follow the story through key figures like the anonymous merchants who drove prices up and the sudden collapse that left many bankrupt. By examining primary sources and modern economic analysis, we separate myth from reality in this pivotal moment of Dutch Golden Age finance. You will learn about specific varieties like the Semper Augustus, the mechanics of the windhandel futures market, and how the Staten-Generaal eventually stepped in to resolve the chaos. It is a tale of human greed, innovation, and the fragile nature of trust in early capitalism.
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