In this episode, we explore the historical phenomenon of Tulip Mania in the 17th-century Dutch Republic, examining how a market for exotic flowers transformed into a speculative bubble driven by contract trading. We discuss the societal conditions that enabled such speculation and the key factors that led to its eventual, yet contained, collapse.

Chapters

00:00 Tulip Mania's Beginnings

00:00 The Dutch Republic Market

02:04 Tulips as Status Goods

03:20 The Rise of Tulip Contracts

05:00 Low Entry, High Hype

08:25 The Logic of Bubbles

10:12 The Bubble Bursts

13:02 Lessons from Tulip Mania