The Role of Art in the Tulipmania Speculation during the Dutch Golden Age
Journal: Maryland Shared Open Access Repository (USMAI Consortium)
Year: 2022

Since 1929 there have been a number of economic “bubbles” involving large amounts of money invested in schemes that promise great financial returns and then collapse. As recently as January 2021, a bubble with GameStop investments was in the news. The value of the company had surged from $2 billion to $24 billion in just a few days, driven not by brokers or investment companies, but by individuals with little or no experience in the stock market. Reporters compared it to the first alleged bubble