Tulip bubble lasted for hundreds of years. Tulip bubble originated from a historical event in Holland in the17th century. Tulip bubble in the Netherlands, as the earliest recorded speculation in human history, showed all the elements and links of human society since then, especially financial speculation: the fanatical pursuit of wealth, herding effect, the complete loss of rationality, the final bursting of the bubble and the destruction of millions of people.

Tulip bubble background

Tulips are native to Asia Minor. 1593, introduced to the Netherlands. /kloc-In the first half of the 0/7th century, tulips were introduced to Europe for a short time, and the quantity was very limited, so the price was extremely expensive.

In France, which advocates glitz and luxury, many dignitaries have tulips at home to show off to outsiders as ornamental and luxury goods. 1608, the French exchanged jewels worth 30,000 francs for a tulip bulb. However, compared with the Netherlands, all this seems insignificant.