The lovers gamble on the booming market
for tulip bulbs as a way to raise money to run away together.
Would you pay the price of a house
for a tulip bulb?
Not exact matches
Bitcoin is «worse than
tulip bulbs,» Dimon said, referring to the infamous speculative market
for tulips in 17th - century Europe.
«Cryptocurrencies seem more like
tulip bulbs for the digital age,» he writes in a letter to clients.
«Cryptocurrencies seem more like
tulip bulbs for the digital age.»
The
tulip bulb trade started inadvertently when a botanist brought
tulip bulbs from Constantinople and planted them
for his own scientific research.
Very soon, almost all classes of Dutch society were involved in
tulip bulb speculation, with many trading all of their worldly possessions
for a single
tulip bulb.
Alas,
tulip bulb prices eventually peaked and soon imploded, bankrupting scores of speculators and throwing the Netherlands into a mild economic depression that lasted
for many years.
Contracts
for the most prized varieties of
tulip exchanged hands
for exorbitant prices that increased 20-fold in three months — and then collapsed before a single
bulb changed hands.
For the
bulbs, I have picked up already growing yellow daffodils, purple hyacinth and white
tulips — your local nursery, garden center or market most likely will have a nice selection of colors during the early spring months to choose from.
Locals pick up the fresh cut
tulips, and
bulbs are available
for visitors looking to take a piece of Amsterdam home.
It's not quite at
tulip -
bulb levels yet, but prices have been rising rapidly
for a number of years (in excess of general economic growth) and the market was scarcely affected the US sub-prime bust.
For something a little more affordable, go to the Bloemenmarkt (Flower Market) on Singel between Muntplein and Konigsplein to pick up
tulip bulbs galore in colours and styles that will make your garden pop.
First and foremost, the
tulip bulb craze rested on a commodity that was essentially worthless — they rose in value only because people were prepared to pay ever - higher prices
for them.