1. Tulipmania
Maybe not a mania but a case of
supply and demand

2. Economy 101
Economists like to make
fun of the tulip” mania”
that gripped the
Netherlands in the 1630”s.
But that is because they
are comparing it by today’s
standards

3. Fit for a King
Turkish Empire
Turkey believed the tulip
to almost an ethereal
flower.
The tulip was bestowed
upon visiting dignitaries
as a gift of honor.

4. Envy, Lust, Greed

5. Object of Desire

6. • Unique Reproduction
Luxury Items

7. • New Wave of Farmers
1630’s
•Lower cost to
produce flowers
•Price decreases
with greater
supply
•New Wave of
buyers…

8. Happiness
I have waited my entire life to own such a treasure!! I will pay any thing
to own that treasure because I will be able to sell it to my rich neighbor
in the spring….and become rich like them!!!

9. Get Your Tulips Here
Just 3 Florins commission please!!

10. May day is Pay day…
Maybe…if I can find a buyer

12. February 1637
No more buyers, at any price.

13. Angry sellers and buyers!!!
Some people grew to detest the tulip and what it stood
for…greed, lust, and envy….

14. Government Assistance
Oh, this is 1637, there is no
subsidized farming…

15. History Repeats Itself
Tulips Housing
• Speculators • Flippers
• Easy Credit • No money down
• Inflated Price • Inflated Price
• Government Intervention • Government Intervention
• Abandoned the contracts • Foreclosure
• Economy Readjusts • Economy Readjusting
• Booming Export • ?????

16. Long slow road to recovery