The Tulip crisis occurred in the Netherlandsfrom 1634 to 1637.Tulips are traditional Dutch flowers and have been cultivated for many years. の初めに17.at At the beginning of the XIX century, Dutch growers began to cross different types of tulips, from monochromatic red, yellow and white to conjure several different colors of tulips. Tulips gained great popularity and their prices increased throughout the Netherlands.
The main source wastulip bulbs, which initially cost only a few crowns, but became increasingly expensive as demand increased. In response to this price increase,the so-called Tulip Lawcame into force to protect traders. Even imprisonment for damage to tulip bulbs is threatened.
Tulips were very popular, the “tulip fever”was created,tulip bulb auctions were held, and rare bulbs were traded on the Dutch stock exchange. The “Tulip fever” peakedIn 1636,everyone here exchanged tulip bulbs from wealthy nobles to ordinary peasants. Before the tulip blossomed from the onion, it changed its owner several times. The price of onions is constantly growing, and in comparison with previous years, it was 3 times higher.
The crisis occurred in 1637,when, for the first time, supply exceeded demand, the so-called bubble burst, and prices fell sharply. Many traders owned worthless tulip contracts, and many went bankrupt and lost all their money, or even family savings. The Dutch economy was also in trouble.
The Tulip Crisis thus became one of the most famous financial crises, having a major impact mainly due to the unbalanced profits and entrepreneurial desire for crowd behavior, when everyone wanted to own a wonderful flower where tulips were. In the Netherlands, tulips are very popular to this day and are one of the symbols of the country.1 Tulips are exported all over the world from here, and some shows of these flowers are held every year.