Tulip Bulb Mania

Essay specific features

 

Issue:

History

 

Written by:

Elena W

 

Date added:

May 28, 2012

 

Level:

College

 

Grade:

A

 

No of pages / words:

1 / 252

 

Was viewed:

5326 times

 

Rating of current essay:

 
Essay content:

Most of the people that were buying the bulbs were hoping to resale the bulbs in order to make a profit, not to actually plant the flowers! While the average income for a person in those days was only 150 florins, many people were buying the tulips at 1,000 florins and up. Some people were even beginning to liquidate their assets, selling their land and their home...
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While the buying was good, many people made an excellent profit off of selling the flowers. However, by 1637, the people were beginning to realize how foolish they had been by investing so much money into a flower. When everyone tried to sell all of the flowers that they had, this majorly decreased the selling price of the tulips...
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