A tulip is in my yard
_23:43 - Crazy Tulips !!!
Goods received by a merchant for one (1) Viceroy tulip:
- Eight fat swine
- Twelve fat sheep
- 63 gallons of wine
- 60 kegs of beer
- 30 kegs of butter
- 1000 lbs. of cheese
- A silver drinking-cup
In the late 1500s, tulips were introduced to Holland. The flower was considered so rare that wealthy aristocrats and merchants tripped over themselves to buy them. Speculation ensued and the flower became wildly overvalued.
In 1637 the tulip trade crashed. People who thought of themselves as extremely rich were reduced to poverty overnight.
Aaron Schaap Says:
Doesn’t that sound alot like the DOT COM time period we went through no more than 2 years ago?
Makes ya wonder what the next HYPE will be an how bad that will crash over and screw us all.