In the 1630s, the Dutch Republic fell in love with tulips, and some bulbs became so rare people tre…

In the 1630s, the Dutch Republic fell in love with tulips, and some bulbs became so rare people treated them like buried treasure. Soon, traders were buying and selling bulbs in taverns, not gardens, flipping paper contracts for flowers that had not even bloomed yet. At the peak, a single prized bulb could be priced higher than a comfortable Amsterdam house, turning a flower into a status symbol and a gamble. The beauty helped fuel the madness, especially the streaked tulips no one yet understood were shaped by a virus inside the plant. Then in early 1637, buyers stopped showing up, prices collapsed, and contracts that looked like fortunes suddenly became scraps of paper. Tulip mania did not destroy the Dutch economy, but it became history’s most famous warning that hype can make almost anything look priceless.

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