Tulip mania
E12927
Tulip mania was a famous 17th-century Dutch financial bubble in which speculation drove tulip bulb prices to extreme heights before they suddenly collapsed.
All labels observed (4)
| Label | Occurrences |
|---|---|
| Tulip mania canonical | 3 |
| Dutch tulip mania | 1 |
| Tulip Mania | 1 |
| tulip mania bubble | 1 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
economic bubble
ⓘ
financial mania ⓘ historical event ⓘ speculative bubble ⓘ |
| alsoKnownAs |
Tulip mania
ⓘ
surface form:
tulip mania bubble
tulipomania ⓘ |
| cause |
futures-style forward contracts
ⓘ
herd behavior in markets ⓘ high demand for rare tulip color patterns ⓘ introduction of exotic tulip varieties ⓘ irrational exuberance ⓘ limited supply of prized tulip bulbs ⓘ speculation in tulip bulb prices ⓘ |
| comparedTo |
Dot-com bubble
ⓘ
South Sea Bubble ⓘ housing bubble of the 2000s ⓘ |
| country | Dutch Republic ⓘ |
| currency | Dutch guilder ⓘ |
| describedBySource | Charles Mackay – Extraordinary Popular Delusions and the Madness of Crowds ⓘ |
| effect |
financial losses for speculators
ⓘ
government intervention in tulip trade contracts ⓘ lasting cultural metaphor for financial bubbles ⓘ legal disputes over tulip contracts ⓘ public debate about speculation ⓘ sudden collapse of tulip prices ⓘ |
| endTime | 1637 ⓘ |
| field |
behavioral finance
ⓘ
economic history ⓘ financial history ⓘ |
| hasCharacteristic |
extreme price volatility
ⓘ
focus on rare tulip varieties ⓘ participation by middle-class investors ⓘ prices detached from intrinsic value ⓘ rapid price increase followed by crash ⓘ trade in forward contracts ⓘ |
| location | Netherlands ⓘ |
| mainLocation |
Amsterdam
ⓘ
Haarlem ⓘ |
| mainSubject |
tulip bulbs
ⓘ
tulip futures contracts ⓘ |
| notableTulipVariety |
Semper Augustus
ⓘ
Viceroy ⓘ |
| peakYear |
1636
ⓘ
1637 ⓘ |
| startTime | 1630s ⓘ |
| usedAsExampleOf |
asset price bubble
ⓘ
herd behavior in economics ⓘ market irrationality ⓘ speculative mania ⓘ |
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
tulip mania bubble
this entity surface form:
Tulip Mania
Charles Mackay – Extraordinary Popular Delusions and the Madness of Crowds
→
notableCaseStudy
→
Tulip mania
ⓘ
subject surface form:
Extraordinary Popular Delusions and the Madness of Crowds
this entity surface form:
Dutch tulip mania