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Element 12. “Hot Market”

Tulip mania: A reckless mania for the purchase of tulip-bulbs in the seventeenth century. Beckmann says it rose to its greatest height in the years 1634–1637. A root of the species called Viceroy sold for £250; Semper Augustus, more than double that sum. The tulips were grown in Holland, but the mania which spread over Europe was a mere stock-jobbing speculation.

—E. Cobham Brewer, Dictionary of Phrase and Fable, 1898.


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