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tulipomania |
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tulipomania tulip craze in Holland during which fortunes were lost. [Eur. Hist.: WB, 19: 394] See : Fads Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | Aquitaine Wine Company's Harvard-educated CFO Margaret Calvet likened the situation to the classic business school case study, tulip mania. The bubble burst in 1637 when prices crashed spectacularly and people were left with worthless bulbs, but if Holland's Keukenhof gardens are anything to go by, Tulip mania is alive and well. As Lehrer notes, from the tulip mania of 17th-century Holland, in which 12 acres of valuable land were offered for a single bulb, to the South Sea Bubble of 18th-century England, in which a cheerleading press spurred a dramatic spike in the value of a debt-ridden slave-trading company, Mackay demonstrates that "every age has its peculiar folly. |
Tulip mania |
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