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Lore

Episode 222: Outsider

Lore

Aaron Mahnke

History, True Crime

4.6 β€’ 46.9K Ratings

πŸ—“οΈ 27 February 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

Some fads are more than a harmless form of entertainment. In fact, the pages of history contains one that stalked the Midwest in the 1970s…with frightful consequences.

Written and produced by Aaron Mahnke, with research by GennaRose Nethercott, and music by Chad Lawson.

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Lore Resources:Β 

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Β©2023 Aaron Mahnke. All rights reserved.

Transcript

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0:00.0

This will probably sound all too familiar to you, but let's explore it anyway.

0:15.0

People had always had this thing, but some enterprising individuals a while back decided

0:19.7

that people needed a new version of it.

0:22.4

This version was better, then because the public began to be attracted to it, it also became

0:26.8

more and more expensive.

0:29.1

At the peak of its popularity, some of these things had become so expensive that, to buy

0:33.5

one, one would need to pay roughly 12 times their annual salary, not for a bunch mind you,

0:39.1

but for one single example.

0:41.7

All sorts of variations were created too, with all sorts of creative names, and people

0:46.4

would nuts for them.

0:48.3

Investors got involved too, and all of a sudden there were a lot of forgins writing

0:52.4

on this wave.

0:54.0

And then, it collapsed.

0:56.6

All those ledgers that were swimming and extra zeros were suddenly in the red, that

1:01.2

bright new economic hope, the investments of the future had been reduced to just another

1:06.0

mundane curiosity.

1:08.5

Lives were ruined, businesses failed, and an entire culture was left with a bitter taste

1:14.2

in its mouth.

1:15.8

This thing, this object of desire, was not some cryptocurrency as you might have assumed.

1:21.5

No, it was a humble flower.

1:23.9

The tulip brought to the Netherlands at the end of the 16th century.

1:28.2

But even though the event is known as tulip mania only lasted a little more than three

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