Tulip Mania

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Tulip Mania

History's first major asset bubble. Tulips were introduced to Europe from the Ottoman Empire in the mid-1500s and became very popular in the Netherlands. As they grew in popularity, prices for tulips rose steadily, then unsustainably, in the 1630s. Prices suddenly collapsed in February 1637. Interestingly, tulip mania resulted in the creation of a formal futures market and marked one of the first times when contracts were traded without exchanging the underlying asset.
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Semper Augustus, a rare breed of tulip, was riced at around 1,000 guilders in the 1620s.
Its name was Semper Augustus. This was the peak of tulip mania, the first modern economic bubble, which was fueled in part by an obsession with broken tulips.
In the 17th Century a single bulb of Semper Augustus changed hands for the price of the most expensive house in Amsterdam with its own mooring, garden and coach house.
La flor mas rara y deseada era la de nombre Semper Augustus, que significaba en latin "siempre sagrado".
IN 17th-century Holland one "Semper Augustus" bulb cost 13,000 florins, dearer than the most expensive houses in central Amsterdam.