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Everything Everywhere Daily: History, Science, Geography & More

Tulipmania! (Encore)

Everything Everywhere Daily: History, Science, Geography & More

Gary Arndt

Education, History

4.72.3K Ratings

🗓️ 27 January 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

In the 17th century, the Netherlands was struck by the world’s first investment bubble. They weren’t investing in stocks or bonds, or real estate. They were investing in…..tulip bulbs.  Tulip bulbs became a mania, and even common people were spending money on tulips. The price of some tulip bulbs rose so high that, at one point, a single bulb was worth ten times the annual salary of a laborer.  Learn more about Tulipmania on this episode of Everything Everywhere Daily. Subscribe to the podcast!  https://link.chtbl.com/EverythingEverywhere?sid=ShowNotes -------------------------------- Executive Producer: Charles Daniel Associate Producers: Peter Bennett & Thor Thomsen   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Page: https://www.facebook.com/EverythingEverywhere Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everyone. This is Gary. I'm off this week traveling and attending a conference and while I'm away I've lined up some vintage episodes and deep cuts that most of you probably haven't heard before and even if you have heard, a refresher never hurts.

0:13.0

I'll be back again with brand new episodes on January 30th.

0:16.2

In the 17th century, the Netherlands was struck by the world's first investment bubble. They weren't

0:24.3

investing in stocks or bonds or real estate. They were investing in tulip bulbs. Tulip bulbs became

0:30.8

a mania and even common people were spending money on tulips.

0:34.7

The price of some tulip bulbs rose so high that at one point a single bulb was worth more

0:38.8

than ten times the annual salary of a laborer.

0:41.9

Learn more about Tulip ManMania on this episode of Everything Everywhere Daily. Today the Netherlands is associated with tulips. They produce more Tulips than any other nation in the world

1:06.3

even though it's a relatively small country. Every year the country produces over 3 billion tulip bulbs

1:12.1

mostly for export.

1:14.0

However, tulips are not native to the Netherlands.

1:17.0

Just like how tomatoes are not native to Italy and potatoes are not native to Ireland,

1:21.0

the tulip did not come from Europe.

1:23.6

Tulips originally came from Central Asia,

1:26.1

in particular the region around the Tian Shen Mountains

1:28.8

in what is today Turkmenistan, Tajikistan,

1:30.9

Uzbekistan, Kyrgyzstan, and northwestern China.

1:34.7

There isn't a single mention of tulips anywhere in antiquity.

1:38.8

Nothing from Rome, Greece, Persia, India, or China.

1:42.2

Nothing. It's believed that the Tulip was first cultivated by the Persians

1:46.4

around the 10th century. It was then that the Tulip began being mentioned in texts.

1:51.5

From Persia, the Seljic Turks brought it into what is today

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