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Tulipmania is always cited as one of the first speculative bubbles, but is it the real story. Recent research has show that ’tulipmania’ it practically the exact opposite of what we’ve expected. There is a financial bubble around tulips in Holland (or the Dutch Republic) in the 1630s, but it’s not the whole story. Sign up via email: https://economicsdecoded.com/email/?u... Recommend Books on Tulipmania: Mike Dash - Tulipmania: The Story of the World’s Most Coveted Flower & The Extraordinary Passions It Aroused - http://amzn.to/2ooNJKL Anne Goldgar - Tulipmania: Money, Honor, and Knowledge in the Dutch Golden Age - http://amzn.to/2oFbzOl Clarifications & Corrections: *1:08 - The story of how the Tulip mania narrative was constructed came from Anne Goldgar’s original research. *1:44 - Aitzema did not write the Waermondt ende Gaergoedt pamphlet, (Dialogue between True-Mouth and Greedy-Goods). ((My pronunciation of the word ‘and’ sounds a lot like ‘in’. Thus making it sound like I said Aitzema wrote IN the dialogue. Rather than Aitzema AND the dialogue. The transcript is “‘The historical account of chronicler Lieuwe Van Aitzema of 1669 AND one of the longest contemporary pieces of (propaganda) against the trade’ translated as, ’Dialogue between True-Mouth & Greedy Goods.’”)) Image Rights -Picture of Extraordinary Popular Delusions and the Madness of Crowds - By Charles Mackay (1814-1889) (https://books.google.ru/books?id=ufoL...) [Public domain], via Wikimedia Commons -Tulip Picture - By BernardM [Public domain], via Wikimedia Commons -Picture of Ogier Ghislain De Busbecq - Melchior Lorck [Public domain], via Wikimedia Commons -Picture of Carolus Clusius - By Attributed to Jacob de Monte (Hoogleraren Universiteit Leiden) [Public domain], via Wikimedia Commons -Picture of Dutch Republic - By TRAJAN 117 This vector image was created with Inkscape. [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY-SA 3.0 (http://creativecommons.org/licenses/b...)], via Wikimedia Commons -Picture of shells - Balthasar van der Ast (1593/1594–1657) [Public domain], via Wikimedia Commons -Semper Augustus - See page for author [Public domain], via Wikimedia Commons