Tulip Mania: AP Macroeconomics Study Guide

AP Macroeconomics Connections

Tulip Mania is frequently used as the earliest well-documented example of a speculative asset bubble, making it a useful historical anchor point for discussing how bubbles form and burst — a pattern that recurs across very different assets and eras, from 17th-century flower bulbs to 21st-century tech stocks.

Key Terms to Know

• Speculative bubble
• Futures contract
• Herd behavior
• Market correction