The Dutch obsession with tulips, I personally think, is a kind of hype about tulips. This situation began with 1634, and the later madness was mainly after 1636.

At 1 and 1636, the price of tulips has risen to outrageous levels.

Take a rare variety "Augustus Forever" as an example. The price of this tulip was 1.000 guilders in 1.623, and it has risen to 5500 guilders in 1.636.

1637 February, the price of an "eternal Augustus" was as high as 6,700 guilders-enough to buy a mansion near canals of amsterdam or 27 tons of cheese!

Compared with this top tulip, the increase of ordinary tulips is more "crazy". 1637 65438+ 10,10.5 pounds of ordinary "vitekrone" light bulb, the market price was only 64 guilders, but by February 5, it reached 1668 guilders-at that time, the average annual income of the Dutch was only/kloc-0.

2. I also speculate that there are no harvested tulip bulbs. In the winter from 1636 to 1637, people not only buy and sell the harvested tulip bulbs, but also buy and sell the bulbs that will be harvested in 1637 in advance. Bulb futures market was born. Bulbs do not need to actually pay for goods before actual delivery, which further intensifies the hype of tulips.