In 1630s Holland thousands of people from the wealthiest merchants to the lowest street traders were caught up in a literal frenzy of buying and selling. The object of the speculation was not oil or gold, but the tulip, a delicate and exotic bloom which had just arrived from the east (where it had been the talisman of generations of Ottoman sultans). Over three years, rare tulip bulbs changed hands for sums that would have bought a house in Amsterdam: a single bulb sold for more than 300, 000 at today's prices. Fortunes were made overnight, but then lost when, within a year, the market collapsed - with disastrous consequences. Mike Dash recreates this bizarre episode in European history, separating myth from reality. He traces the hysterical boom and devastating bust, bringing to life a colourful cast of characters, and beautifully evoking Holland's Golden Age. A highly readable blend of history, horticulture and economics.From the Publisher:
This is the story of the first great stock market boom in history. In 1630s Holland there was a frenzy over an exotic bloom newly imported from the East: the tulip. Over three years, rare tulip bulbs changed hands for sums that would have bought a house in Amsterdam: a single bulb sold for more than #300,000 at today's prices. Finally, there was a horrendous crash and prices collapsed overnight, ruining thousands. A historian with a special interest in mass hysteria, Mike Dash recreates the Holland of the 17th century and follows a couple of families who were deeply involved in the mania.
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Descripción Victor Gollancz, 1999. Hardcover. Estado de conservación: New. Nº de ref. de la librería P110575067233