How Much Is A Tulip Worth?
Historical piece comparing the Dutch Tulip bubble with the Dot.com bubble of the 20th century.
More than 350 years ago, a passion to possess beautiful tulip blossoms, sometimes called “The Tulipomania,” took hold in Holland. As the mania increased, many persons were known to “invest” the present day equivalent of roughly $35,000 in the purchase of a single tulip bulb. Silly as this particular mania now appears, current market prices for internet stocks suggest that extraordinary popular delusions and the madness of crowds may not be confined to the Dutch people of the 17th century.