(July 26, 2013 at 3:39 pm)Doubting Thomas Wrote:Quote:At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman.
I wonder how they kept people from digging them up from their garden? My sister planted a bunch of tulips on her corner, then came home one day to find that someone had dug up every single one of them and made off with them. And this at a time when tulips aren't selling for 10 times your salary.
It's thought that it was mostly speculation on what we would call futures contracts today. So, strictly speaking, the bulbs might not even exist when they were bought, much less be in the ground.
