1637 Around the New Year, tulip futures contracts were heated up in Dutch inns. In February of 1637, profiteers gradually realized that it was time to deliver tulips. Once the bulbs of tulips are planted in the ground, it is difficult to sell them again. People began to wonder how much tulip bulbs bought at such a high price could be worth just for flowering. Not long ago, the rare commodity tulip contract suddenly became a hot potato. People who hold tulip contracts would rather have less than throw them to others. After people's confidence was shaken, the price of tulips immediately began to fall. The falling price has led to further loss of confidence in the tulip market. People who hold tulip contracts can't wait to get rid of them, but it's hard to find a "fool" at this juncture. The result of the vicious circle is the collapse of the tulip market.

The peak period in tulip bubble only lasted for more than a month. Because many tulip contracts have changed hands many times in a short period of time and have not been delivered so far, the last person holding tulip contracts began to recover the payment from the previous seller. The man asked the man in front for a debt again. The tulip market in the Netherlands has changed from a prosperous period in the past to a hell of bitterness and debt evasion.

1637 On February 24th, the flower shop held a meeting in Amsterdam, the capital of the Netherlands, and decided that the tulip contract signed before February 1636 must be delivered, and the buyer has the right to pay 10% less for the contract signed later. This decision not only did not solve the problem, but also aggravated the chaos in the tulip market. The relationship between buyers and sellers is very tangled. The Dutch government had to intervene and refused to approve the proposal. 1637 On April 27th, the Dutch government decided to terminate all contracts. A year later, the Dutch government passed a regulation allowing the final buyer of tulips to terminate the contract after paying 3.5% of the contract price. According to this regulation, if the ultimate holder of tulip has paid off the payment, his loss may exceed 96.5% of the original investment. If he hasn't paid the payment yet, and he is lucky enough to pay only 3.5% of the contract price, then the person who sold him this contract will suffer very serious losses.

Under this blow, the Dutch tulip speculation market has collapsed.