We've all heard the story: in 1630s Holland, a single tulip bulb sold for the price of a mansion, before the market spectacularly crashed, ruining fools and fortunes. But historians now argue that "Tulip Mania" wasn't a irrational bubble at all—it was a nuanced futures market caught in a perfect storm.
By examining original contracts and guild records, we separate economic reality from moral fable. Discover how a virus that created stunning "broken" petals, changing social dynamics, and a plague outbreak conspired to create a crisis. The true story reveals less about greed and more about how we use past "crazes" to warn about our own financial fears.
Hosted by Ibnul Jaif Farabi. Produced by Light Knot Studios (lightknotstudios.com).