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  • TULIPOMANIA

    Price: $7,900.00

    James Mesple

    Original

    Year: 2012 Medium: Oil on Canvas Size: 36" x 48"

    JMA1012

    The Dutch began to trade tulip bulbs as a major commodity on their stock market in the early 17th century.  Between 1634 and 1637, there was wild speculation in unusual tulip bulbs, ending in a crash.  Just before the crash, a single bulb sold for as much as a luxury 3-story townhouse in central Amsterdam.  No one would take responsibility for the bubble, so they blamed Flora, the Goddess of Flowers.   They said that she had made the Dutch mad for tulips, hence the term “tulipomania.” 

    This event has been entered in recent university class books in economics as an example of the dangers of wild speculation.

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