First Oil

“A floral fever exploded into a full-blown economic frenzy … a rare, single bulb could be—and was!—traded for an entire estate. Then, prices plummeted. A tulip, worth 5,000 guilders before Feb. 3, 1637, sold for 50 guilders, soon thereafter.”—Paul Kupperberg, “Tulipomania, Netherlands, 1636” in You Did What? Mad Plans and Great Historical Disasters.

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