Sentences with phrase «tulip bulb prices»

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.

When tulip bulb prices became worth the equivalent of tens of thousands of dollars (in current values), many Dutch tulip speculators became fantastically wealthy.

Not exact matches

Mackay's account of the Dutch tulip mania, in which people lost fortunes by bidding up the price of tulip bulbs to ridiculous levels, anticipates the recurrent cycles of boom and bust that have plagued nations» economies since his book was first published.

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.

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.

Would you pay the price of a house for a tulip bulb?

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.