tulipomania
Dutch flower craze
Tulipomania refers to the speculative frenzy over tulip bulbs in the Dutch Republic during the 1630s, when prices for certain rare varieties soared to extraordinary heights before crashing dramatically.
The term now applies more broadly to any speculative bubble characterized by irrational enthusiasm and inflated prices for assets of questionable intrinsic value.
Critics compared the crypto boom to tulipomania.
The spelling tulipmania is also common.
Short-lived popular obsession
- obsessionPersistent, intrusive preoccupation
- frenzyViolent mental agitation
- feverElevated body temperature
- hysteriaUncontrollable emotional excess
madness · folly · delirium · irrational · euphoria · contagion · herd mentality · delusion
Netherlands' 17th-century cultural zenith
- 1630sFourth decade, 1600s
- NetherlandsNorthwestern European constitutional monarchy
- AmsterdamCapital of Netherlands
- merchantsThose who conduct commerce
taverns · collapse · economic history · cautionary tale · chronicle · guild
Air-filled film sphere
- speculationUnproven theorizing or risky investment
- crashSudden violent impact
- futuresContracts for future delivery
- contractsEnforceable written agreements
derivatives · commodities · trading · exchange · market · options · gambling · risk
craze
Short-lived popular obsession
- obsessionPersistent, intrusive preoccupation
- frenzyViolent mental agitation
- feverElevated body temperature
hysteria · madness · folly · delirium · irrational · euphoria · contagion · herd mentality · delusion · excess
Dutch Golden Age
Netherlands' 17th-century cultural zenith
- 1630sFourth decade, 1600s
- NetherlandsNorthwestern European constitutional monarchy
- AmsterdamCapital of Netherlands
merchants · taverns · collapse · economic history · cautionary tale · chronicle · guild
bubble
Air-filled film sphere
- speculationUnproven theorizing or risky investment
- crashSudden violent impact
- futuresContracts for future delivery
contracts · derivatives · commodities · trading · exchange · market · options · gambling · risk · investment
bulbs
Underground plant storage
- varietiesDistinct forms within category
- ViceroyCrown's territorial deputy
- cultivarsHuman-developed plant varieties
striped · flamed · petals · breaking · Dutch · growers · gardens · hyacinths · floristry · horticulture
tulipomaniamarket panic
Sudden widespread selling frenzy
bear market · market crash · capitulation · fear · risk aversion
tulipomaniaprice stability
Consistent general price levels
steady state · market correction · normalization · deflation · economic stability