Day 118
April 28, 2010Tulip mania
How sumptuous do these tulips look?
No enhancement to this photo at all, they looked just as vibrant in real life.
Tulips
Tulip mania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.
At the peak of tulip mania in February 1637, tulip contracts per bulb sold for more than 10 times the annual income of a skilled craftsman. It is generally considered the first recorded economic bubble.
