
During the past few weeks I’ve frequently been reminded of the 1634–1637 tulip mania. In the early seventeenth century, French ladies at court would pay hundreds of guilders for a tulip flower, which they wore in their décolleté at gala evenings.The tulip market in Haarlem collapsed on a dark February evening in 1637. Suddenly people became aware they were dealing with a scam. It was the first we…
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