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Tulipmania

Money, Honor, and Knowledge in the Dutch Golden Age

In the 1630s the Netherlands was gripped by tulipmania: a speculative fever unprecedented in scale and, as popular history would have it, folly. We all know the outline of the story—how otherwise sensible merchants, nobles, and artisans spent all they had (and much that they didn’t) on tulip bulbs. We have heard how these bulbs changed hands hundreds of times in a single day, and how some bulbs, sold and resold for thousands of guilders, never even existed. Tulipmania is seen as an example of the gullibility of crowds and the dangers of financial speculation.
           
But it wasn’t like that. As Anne Goldgar reveals in Tulipmania, not one of these stories is true. Making use of extensive archival research, she lays waste to the legends, revealing that while the 1630s did see a speculative bubble in tulip prices, neither the height of the bubble nor its bursting were anywhere near as dramatic as we tend to think. By clearing away the accumulated myths, Goldgar is able to show us instead the far more interesting reality: the ways in which tulipmania reflected deep anxieties about the transformation of Dutch society in the Golden Age.
           
“Goldgar tells us at the start of her excellent debunking book: ‘Most of what we have heard of [tulipmania] is not true.’. . . She tells a new story.”—Simon Kuper, Financial Times

Read an excerpt.


446 pages | 13 color plates, 69 halftones, 3 line drawings | 6 x 9 | © 2007

Culture Studies

Economics and Business: Economics--History

History: Discoveries and Exploration, European History

History of Science

Reviews

Tulipmania is in every way a model of historical scholarship, an exemplary piece of historical craftsmanship. Every page is rife with rich human detail, and Goldgar’s lively and elegant style carries the reader, enthusiasm and curiosity undimmed, to the stimulating conclusion. Above all, this is revisionist history of the best kind.”

Anthony Grafton, Princeton University

“This is wonderful book, beautifully written and sustained by archival scholarship of the highest order. Its devastating and original demolition of the myth of Tulip mania, the fineness of historical judgment and the painstaking reconstructions so effortlessly conveyed on the page make it a pleasure to read.”

John Brewer, author of A Sentimental Murder: Love and Madness in the Eighteenth Century

“Anne Goldgar’s scholarly sleuthing gives a whole new look to the 1630s tulipmania in the Netherlands.The bulb buyers and sellers were good middle-class merchants, not so far removed from knowledgeable connoisseurs and art-lovers. The crash in prices undermined not the economy, but people’s confidence in honor and good judgment. Delightfully written, Tulipmania turns the exaggerations of a media event into an exploration of early modern values and anxieties.”

Natalie Zemon Davis

Table of Contents

Acknowledgments
List of Illustrations


Introduction

One: Something Strange
Two: Art & Flowers
Three: Bloemisten
Four: Grieving Money
Five: Bad Faith

Epilogue: Cabbage Fever

Glossary
A Note on Money
Abbreviations
Notes
Index

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