In the 19th century, there was a peculiar trend known as "Tulip Mania" that swept through the Netherlands. It was one of the earliest recorded speculative bubbles in history.

During Tulip Mania, which peaked in the early 1630s, the price of tulip bulbs skyrocketed to extraordinary levels, with some bulbs selling for more than ten times the annual income of a skilled craftsman. People from all walks of life, including wealthy merchants and ordinary citizens, became caught up in the frenzy, buying and selling tulip bulbs in the hopes of turning a quick profit.

However, the bubble eventually burst in 1637, leading to a dramatic collapse in tulip prices. Many investors suffered significant financial losses, and the Dutch economy was adversely affected for years to come.