The WORST Market Crash You Never Heard Of

Tulipmania was a period in the Dutch Golden Age when the prices of tulips skyrocketed to unprecedented levels and then crashed suddenly. This phenomenon is also known as the “tulip bubble” and it had a major impact on the Dutch economy in 1637. The tulip market crash of 1637 is seen as one of the earliest examples of an economic bubble, where people invested heavily in something that was overvalued and not backed by any real value. It is still studied by economists today, and serves as a cautionary tale for investors about speculation, FOMO, and what happens when you find out that you are the greater fool.

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