The History of Tulips and How They Once Ruined an Economy (2024)

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Key Takeaways

  • Tulips were once a hot commodity, leading to an economic crash in Holland in the 17th century.
  • Plant tulip bulbs in the fall for successful growth, ensuring proper chilling period before blooming.
  • Provide tulips with sunlight, water, and regular care like deadheading to thrive and produce blooms annually.

Get ready to tiptoe through the tulips and take a walk down memory lane! Adored for their bright and cheerful blooms, tulips are perennial flowers that appear in the garden every spring. Their attractive blooms come in a range of alluring colors, like rosy pink, radiant yellow, and vibrant orange. While they are quite common in gardens nowadays, tulips were once a very expensive and sought-after flower in history, but do you know why?

Learn about the fascinating history of tulips, along with when to plant tulips, and how to successfully grow them in the garden.

The History of Tulips

What's special about tulips?

The History of Tulips and How They Once Ruined an Economy (1)

Back in the 17th century, tulips were first introduced into Europe and quickly took Holland and the Netherlands by storm. Often referred to as tulip mania, the rise and fall of tulip prices reflects one of the first speculative bubbles ever recorded in history. The frenzy started in 1634, causing tulip prices to soar, and by 1637 the entire market crashed, significantly impacting the Dutch economy.

  • During this time, these flowers were extremely sought-after, especially by the wealthy who considered tulips to be a status symbol in society. Tulips were labeled as a luxury item, and were popular not only for their range of rare and beautiful colors, but also for their ability to withstand the harsh European climate.
  • As the desire for tulips became more and more intense, middle and working-class families also became swept up in the tulip frenzy. People everywhere wanted to get their hands on tulip bulbs, and some even went to great lengths to do so — signing various contracts and agreements, using credit and mortgages to finance their tulip obsession.
  • Eventually, by 1637, the speculative bubble burst as tulip prices reached an all-time high, and people were no longer able to fulfill their agreed-upon contracts. This left many families and workers forced to declare bankruptcy, as they were unable to pay their outstanding debts.
  • During this major crash, the Court of Holland had to halt and freeze tulip trading agreements, to help the economy recover.

So, what's special about tulips? Now you know that these popular flowers were once so in demand that they almost ruined an entire economy in Holland. Looking back on history, it's crazy to think that a simple flower like tulips was once such a hot commodity!

When to Plant Tulips

Plant your tulip bulbs at the correct time

The History of Tulips and How They Once Ruined an Economy (2)

When it comes to tulips and flowers, planting them at the right time of year is vital to their overall success in the garden. The best time to plant tulips is between September through to November, depending on your climate and frost date.

  • Plant tulip bulbs in the fall, when temperatures range between 50 and 55 degrees Fahrenheit, about six to eight weeks before the ground freezes. Choose a sunny spot that has well-draining soil and receives anywhere from six to eight hours of sunlight each day.
  • Plant tulip bulbs 6 to 8 inches deep and place one bulb per hole, spacing 4 to 6 inches apart.
  • Your garden soil should be cool when you are planting, but not freezing. Before planting your bulbs, check the frost date for your area and hold off on planting until you are sure the soil is cool.
  • Tulips require a period of chilling before they bloom in the spring, approximately 12 weeks of cooler temperatures below 40 degrees Fahrenheit. During this chilling period, your tulip bulbs will begin to establish a strong root system before the ground starts to freeze.

Come spring, tiptoe through the tulips and enjoy their beauty! When spring arrives and temperatures begin to increase, tulips will emerge from the ground, showcasing their bright, colorful blooms in the garden.

Caring for Tulips in the Garden

Provide your tulips and flowers with regular care to thrive

The History of Tulips and How They Once Ruined an Economy (3)

After planting your bulbs, continue to provide your tulips with proper care and maintenance to keep them flourishing and producing new blooms every year.

  • Sunlight: Tulips require plenty of bright, direct sunlight for maximum growth and beautiful blooms. Opt for a garden location that receives between six and eight hours each day.
  • Watering: After planting, water your tulip bulbs weekly, providing 1 inch of water until the ground freezes. Once spring arrives and leaves emerge on your plants, begin watering again once a week. Hold off on watering during heavy periods of rain, as you do not want to overwater and rot your bulbs.
  • Pruning: After the blooms fade on your tulips, deadhead and remove the flowers, while still leaving the leaves intact. Allow the leaves to remain for up to six weeks or until the foliage turns yellow. During this time, your plant is gathering energy to produce blooms for the following year. Pruning or removing the leaves too early will impact flowering next spring.
  • Fertilizer: Apply a fertilizer with an NPK ratio of 9-9-6 at planting, or once a year in the fall. During this time, your plant is growing and establishing new roots and is better able to absorb essential nutrients. Avoid fertilizing in the spring, as shortly after the plant goes dormant for the summer months, and will not benefit from a boost of nutrients.

Tiptoe Through the Tulips!

Now that you know the history of tulips and when to plant tulips in the garden, consider growing these attractive flowers and watch them reappear in the garden year after year. Tulips and flowers make a wonderful addition to your garden space, adding a pop of color to your landscape with their cheerful blooms. To keep your plants happy, provide tulips with plenty of direct sunlight, deadhead spent flowers every spring, and apply a dose of nutrients in the fall.

The History of Tulips and How They Once Ruined an Economy (2024)

FAQs

What was the economic impact of the tulipmania? ›

Dealers refused to honor contracts, prices crashed, and people were left holding a lot of beautiful flowers that nobody wanted. Though the Dutch economy did not collapse, individuals who speculated and participated in the buying and trading became impoverished overnight.

What is the history of broken tulips? ›

It was not discovered until the 1920s that these exquisite patterns were due to the presence of tulip breaking virus – a virus that is present today in all regions where tulips are grown – which caused the pigmentation on an otherwise solid-coloured tulip to break into the patterns so desired by collectors.

What is the brief history of tulip? ›

Tulips were a powerful emblem for nomadic people and a welcome sign of spring. Persian poets celebrated the beauty of the tulip in the 11th century and, by the 14th century, wild tulips were being taken and planted in Ottoman palace gardens.

What is the story of the tulip inflation? ›

Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then dramatically collapsed in February 1637.

What was the tulip economy? ›

The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation drove the value of tulip bulbs to extremes.

Why did the tulip market crash? ›

With no predictability or stability in the bulb market, the market was unsustainable. By late January 1637, isolated florists sold their holdings and failed to reinvest. Other florists took notice. By the first week of February 1637, the boom ended with a crash that began at an auction in Haarlem.

Are broken tulips illegal? ›

Commercial tulip growers began to weed out and destroy the kinds of flowers that had once been valued above all others. Today, very few breeders raise broken tulips of any kind, and planting broken tulips is illegal in the Netherlands without special provisions.

What is the rarest color of tulips? ›

They can be grown in practically any colour, from snowy white to purples so dark they are almost black. The only colour tulips aren't available in is blue. Blue is one of the rarest colours in flowers, and despite breeders' best efforts, 'blue' tulips are usually more purple or lilac.

Are broken tulips extinct? ›

Broken tulips today

There are only a few varieties of older, truly "broken" tulips still in existence such as Zomerschoon, but only because the worst aspects of the virus have somehow remained benign.

What is the history of the tulips for kids? ›

Although many people believe that tulips are from the Netherlands, they actually originate in the Tian Shan mountains of Central Asia and were first recorded to be cultivated by the Turkish people over 3,000 years ago. The flower wasn't introduced to Western Europe until the 16th century.

What are three facts about tulips? ›

10 Fun Facts About Tulips
  • Tulips are native to Central Asia. ...
  • The tulip industry got its start in Holland. ...
  • Tulip Mania is one of the most famous market crashes of all time. ...
  • Holland is still the largest producer of tulips. ...
  • Each color tulip carries its own significance. ...
  • Striped tulips were originally created from a virus.

What economic phenomenon occurred in the Netherlands due to tulips? ›

In February 1637, tulip traders could no longer find new buyers willing to pay increasingly inflated prices for their bulbs. As this realization set in, the demand for tulips collapsed, and prices plummeted—the speculative bubble burst.

Are tulips toxic to cats? ›

Tulips are poisonous to cats because they contain alkaloid and glycoside compounds as well as allergenic lactones, which are harmful if ingested. Tulips are part of the Lily family and Lilies are also poisonous to cats. The whole of the tulip plant is poisonous to cats, from the petals to the stem and leaves.

How much did a tulip cost in 1637? ›

The Viceroy was one tulip listed in a Dutch catalog from 1637. Its bulb was priced at between 3,000 and 4,150 guilders. The Admirael van der Eijck, a tulip from the 1637 catalog of P. Cos., sold for 1045 guilders on February 5, 1637.

Was tulips a currency? ›

In 17th century Netherlands, tulips were so valuable and in demand that they actually caused a craze known as “tulip mania.” For years, people were so obsessed with tulips, that they actually traded their valuables and paid thousands of guilder (their previous form of currency) for the flower.

What were the economic benefits of the light bulb? ›

The light bulb contributed to the economic growth of the United States by encouraging the development of factories that could be located wherever electric lines could be strung. Electricity also contributed to the growth of transportation.

What were some economic effects of the Great Depression? ›

Reduced prices and reduced output resulted in lower incomes in wages, rents, dividends, and profits throughout the economy. Factories were shut down, farms and homes were lost to foreclosure, mills and mines were abandoned, and people went hungry.

Why was Tulip mania important? ›

Tulip Mania (Tulipomania) occurred in Holland during the Dutch Golden Age and has long been considered the first recorded speculative or asset bubble. When the tulip was introduced, it immediately became a popular status symbol for the wealthy and the growing middle class.

How much did tulips cost during Tulip mania? ›

The most expensive Tulip Bulb ever sold was the Semper Augustus. Reliable historical sources show that a contract for a single bulb sold for 5,200 Guilders at the height of Tulip Mania, more than three times the typical yearly earnings of an Amsterdam merchant at the time.

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