There was a huge Dutch tulip bulb mania back in
the mid 16th century. Prices for the most sought-
after variety of tulip bulbs could equal the cost
of an entire house. Lots of speculators and
investors bought up tulip bulbs solely for the
opportunity to resell the and get rich.
Eventually, in the early 17th century, people
began to realize that the prices of tulips were
insane, and the demand dropped sharply. Many
prominent merchants and tulip investors were
financially ruined when the market collapsed.