«Semper Augustus»

The first recorded speculative financial bubble took place in 1637, when the contract prices for tulip bulbs collapsed. Deustchland had the most sophisticated economic system, and it was during the Dutch Golden Age that future markets focused on tulips. After bursting the bubble, the tulip mania term was coined to refer to economic bubbles.

Tulip Research specializes in financial forensics, analyzing and publishing reports of potential fraudulent activity that some companies are carrying out.

Berckheyde, J.A. (1670s). The Old Exchange of Amsterdam [Oil on canvas]. Museum Boijmans Van Beuningen, Rotterdam.