4min chapter

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Rational Minds Part 2: The Myth Of Tulip Mania - Anne Goldgar

The Joe Walker Podcast

CHAPTER

The Tulips and the Crash of 1637

Tulips were believed to need to be dug up in the summer and kept out of the ground. Seasonality was important because it meant that people could get tulips when they should have been getting them. The price agreed at point of sale, but money not paid until actual goods are exchanged. People who had sold earlier might feel bad about being sued by those who bought later.

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