{"id":1693,"date":"2015-04-06T11:36:00","date_gmt":"2015-04-06T16:36:00","guid":{"rendered":"http:\/\/www.hetarchive.net\/blog\/2015\/04\/06\/tulip-fever\/"},"modified":"2015-08-16T14:14:08","modified_gmt":"2015-08-16T19:14:08","slug":"blog-entry-1736","status":"publish","type":"post","link":"http:\/\/www.hetarchive.net\/blog\/2015\/04\/06\/blog-entry-1736\/","title":{"rendered":"Tulip Fever"},"content":{"rendered":"

<\/img><\/p>\n

So what did he do with the tulip bulbs after the bubble in tulip prices burst?
\nDid he plant them in his own garden?<\/p>\n

Answer:
\nHe found people who\u2019s likely to buy them and sold them.<\/span><\/p>\n

<\/img><\/p>\n

\u3010Tulip Fever\u3011<\/p>\n

17th century Netherlands.
\nThere was a growing demand among the aristocracy for tulips.<\/p>\n

Merchants unanimously thought \u201cThis is a good business opportunity!\u201d and bought so many tulip bulbs that prices were driven up, causing a bubble economy.
\nAnd when the bubble burst, it affected many Dutch cities greatly and the economy was thrown into chaos \u2026.<\/p>\n

\u2191There are probably some of you who have heard this story before.
\nWhat really happened was that tulip bulb prices went back down to normal, and those with foresight benefited greatly from it while those who didn\u2019t have a good sense of business or pricing did incur losses, but not to the point where the entire country\u2019s economy was affected.<\/p>\n

\u201cDamn! The prices of tulips has crashed!\u201d
\n\u201cThe Tulip superpower country, the Netherlands, has been defeated by tulips!!\u201d<\/p>\n

These types of jokes became so widespread that it was assumed that historically the decline of the Netherland\u2019s power was due to tulips.<\/p>\n

Although this kind of thing happens often in history, this was on a much bigger scale.\u203b<\/p>\n

Incidentally, the extra tulips that were left over because of the bubble were sold to other countries,<\/p>\n

\u201cTulips are really popular lately?! I should buy them too, so I don\u2019t miss out on the trend!!\u201d<\/p>\n

and by selling tulips to these tulip fad enthusiasts, it became a very good way to acquire foreign currency.<\/p>\n

Though of course there were also rare types, new varieties, and high class tulips that continued to be sold to the real deal at a reasonable price. That\u2019s to be expected of the Netherlands.<\/p>\n

\u2026so does that mean that the only people who really lost money in the whole tulip price drop ordeal were those tulip fad fans?
\nNot exactly.<\/p>\n

The Netherlands sold the tulips in the most efficient places, and successfully spread the tulip culture. True fans of tulips were able to acquire many new species of tulips during the craze, and those merchants who lost money during the crash were able to sell their leftover tulip bulbs at a slightly higher price abroad to those fad-loving fans. And those foreign fans who bought such expensive tulips were very satisfied with their purchases,
\n\u201cThere\u2019s nobody else in this country but me who has such a new species! Such a great deal! Hehe!\u201d<\/p>\n

It was a win-win situation!<\/p>\n

And so, that\u2019s the tulip bubble for you.
\nFor those caught up in it, it wasn\u2019t as bad as everyone thinks.<\/p>\n

I\u2019m excited for the upcoming tulip season!<\/p>\n

<\/img><\/p>\n

\u203b
\nThere\u2019s been new research on the tulip bubble, but it\u2019s very very recent, so there have been new discoveries little by little in the 21st century.<\/p>\n

It is fact that there was a sudden tulip mania,
\nbut the idea that the sudden drop in prices caused the Dutch economy to hit rock bottom, paralyzing all the cities and caused so much unemployment that they were engulfed in darkness\u2026 was very questionable.<\/p>\n

Ah, but it does seem that there were records of some people who were engulfed in darkness like:<\/p>\n

\u201cTu~lips? Not really sure what that is exactly, but it\u2019s popular so might as well give it a try!\u201d<\/p>\n

and were sold lots of non-tulip bulbs or fake bulbs, and lost all their money and assets that way.
\nIt\u2019s like trying to defeat the Final Boss when you are unequipped (level 1), that\u2019s so reckless\u2026!<\/p>\n

Speaking of which, coins from the Roman times are also sold abroad at rip-off prices.
\nFor example, a coin that you can buy at 120 euros may be selling for 8000 euros, depending on the store.
\nPrices can differ a lot depending on the condition of the coin, but even if it\u2019s a coin with good condition, if a coin of that particular emperor is commonly found, it shouldn\u2019t cost that much\u2026!
\nThat kinda thing happens\u2026 Take Nero-chan, you can get your hands on his coin at a relatively cheap price.<\/p>\n

Emperors that were famous and ruled for a long time produced lots of coins during their reign, so you can often acquire them cheaply.
\nIf their reign was very short, even if they weren\u2019t a famous emperor, the coins are surprisingly expensive.<\/p>\n

<\/img><\/p>\n

Translation: kurukurumaki<\/a>, don_amoeba<\/a>
\ntumblr<\/a> | Original<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

So what did he do with the tulip bulbs after the bubble in tulip prices burst? Did he plant them in his own garden? Answer: He found people who\u2019s likely to buy them and sold them. \u3010Tulip Fever\u3011 17th century Netherlands. There was a growing demand among the aristocracy for tulips. 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