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To: Doo who wrote (10301)4/18/1998 10:11:00 AM
From: Hoatzin   of 27307
 
Tulips:

"The garden tulip was introduced into western Europe from Constantinople in the 16th century and soon achieved great popularity. Interest in tulip growing mounted, especially in Holland, where it developed by 1634 into a craze called tulipomania. Wild speculation in tulip stock ensued, and enormous prices were paid for single bulbs. After many persons had gone bankrupt, the crisis was ended by government regulation of the tulip trade. Tulip growing eventually became established as an important Dutch industry, and tulip bulbs are still a major export of the Netherlands. In the U.S. tulips are grown commercially in Michigan and Washington."

"Tulip," Microsoft (R) Encarta. Copyright (c) 1993 Microsoft Corporation. Copyright (c) 1993 Funk & Wagnall's Corporation


So, to put "tulip mania" in perspective, tulips as a commodity saw a brief period of speculative frenzy, followed by over three hundred and fifty years as a mainstay of the Dutch economy.
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