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31 May 2015 - 1 minute read

Tulipomania: The Dutch Flower Derangement of 1637

When Dutch speculators heard about rising tulip prices, they thought they had found a cut-and-dried way of making profits. But with the approach of the contract settlement season, prices wilted almost overnight.

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A golden bait hung temptingly out before the people, and one after the other, they rushed to the tulip-marts, like flies around a honey-pot