The flower that cost a fortune
During the Dutch Golden Age, some tulip bulb contracts sold for more than 10 times a skilled artisan’s yearly income. A single flower became one of history’s most famous stories about money, status, and desire.Tulip Mania: The Bubble That May Not Be What You Think
But people often weren’t trading flowers
In this tulip craze, much of the action happened through forward contracts. In tavern "colleges," traders swapped promises so often that the Dutch called it wind trade because no bulbs were changing hands.Tulip Mania: The Bubble That May Not Be What You Think
