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.
Aliases (2)
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
economic bubble
→
financial mania → historical event → speculative bubble → |
| alsoKnownAs |
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 (5)
| Subject (surface form when different) | Predicate |
|---|---|
|
Semper Augustus
→
Viceroy ("Tulip Mania") → |
associatedWithEvent |
|
Tulip mania
("tulip mania bubble")
→
|
alsoKnownAs |
|
Extraordinary Popular Delusions and the Madness of Crowds
→
|
notableCaseStudy |
|
Dutch Golden Age
→
|
significantEvent |