The Common Narrative of the Tulip Mania

There's a common tradition about the tulip mania which survives even today in movies like tulip fever or Wall Street money never sleeps. And now that we've painted this picture in broad strokes, perhaps let's talk about how what happened has been misunderstood in the ensuing centuries. I think there are three essential aspects to this narrative. The second was that they all went mad such that they weren't capable of seeing the astronomical tulip prices as irrational. Thirdly and finally, a depression resulted when the bubble burst.