Ebook , by Mike Dash

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, by Mike Dash

Ebook , by Mike Dash

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Product details

File Size: 2451 KB

Print Length: 273 pages

Publisher: Broadway Books (February 6, 2010)

Publication Date: February 10, 2010

Sold by: Random House LLC

Language: English

ASIN: B0037BS2RW

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Amazon Best Sellers Rank:

#156,212 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

An exceptionally entertaining book that sheds factual light upon the tulip frenzy of the 1630s. As a long-time student of economics and the development of markets, Dash's book is one of the few that trace's the development of the tulip market from its origin to the present time. Although not noted in most reviews, Dash also demonstrates how tastes and preferences can rapidly change of market from a boom to a bust.There are a few additions to the book that I think would significantly improve reader understanding. First, the book could benefit greatly by the insertion of maps. I was not at all familiar with the various regions of The Netherlands, for instance, which required that I find a separate source to understand the location Dash was mentioning in the book. Other maps of would have also benefited the reader (e.g., Ottoman Empire, Persia, Central Asia).The second omission of the book are line charts or bar graphs showing the prices of specific varieties of tulips over time. While stating that the price of such-and-such tulip "doubled, doubled again, and then doubled again" is fine, a visual graphs of prices over time would clearly show the dramatic changes in price.

I've wondered about this ever since I first heard of the tulip craze in Arts & Ideas of Western Man way back in college (1980). This book answered my long-pondered questions with excellence. And it was an easy read, too. People often ask me what I'm reading because I am a publishing industry professional. When I started to explain, "A book about the origins and impact of tulip trading on the Dutch economy..." most rolled their eyes. But frankly, it was riveting. I stood examining the ordinary tulips for sale at Home Depot for a half hour last week, asking myself, "Really? What were they thinking?"

A really detailed history of both the flower and the economic bubble that occurred in 1636 - 1637. I have read references to the Tulip Bubble in many other books over the years but never knew what it was in detail.The book starts with a botanical and geographical history of the tulip. The flower originated in Central Asia in the vicinity of the Pamirs and Tien Shan west of China. It spread to Turkey via traders in the 13th century, then to the Balkans in the 14th and 15th centuries. It finally reached Holland around 1572. The Dutch then began breeding new varieties that were progressively more and more beautiful. For reasons that really have no logical explanation, a frenzied financial buying and selling bubble began around 1636. It was much like the famous "Mississippi Bubble" that occurred in France in the early 1700s and the British "South Seas Bubble." There was no real economic basis for it. People just thought that demand and prices could increase forever. Fortunately for the Dutch, the overall financial impact of the collapse on the national economy was minor.

This is a really well-told story and reads like a great adventure, chronicling the tulip's journey to Europe from remote parts of Asia and its epic effect on Holland of the 17th century. I discovered this book years ago and was fascinated by this humble spring flower's ability to find admirers ready to move it across the globe and turn Dutch life upside down. The author is a great raconteur, weaving stories of individual lives affected into the larger social and financial results of the mania the tulip's rare beauty inspired in a country coming into its own as the financial and artistic powerhouse that produced Rembrandt, Vermeer and their peers.

On river cruise in Holland I decided to become more informed before I saw the tulip il fields, Mike Dash has told a good story about the history of these flowers from their beginnings deep in Asia to their migration to Turkey before entering Antwerp where a man at a warehouse on the docks picked up a stray bulb, went home with it and thinking it an onion ate it for dinner. The story of the tulip craze is one of honest lovers of this flower new to Europe and ordinary people who saw an opportunity to make some money and got caught up in the excitement of the possibility of becoming rich beyond their wildest dreams. Economics can be influenced by greed but operates within boundaries of supply and demand. This book was fun to read. Dash uses records of the times to build a story grounded in the world of the 17th century but relevant to all times.

What defines a bubble most? Before the mortgage crunch, before the dot-com bubble, even before the Roaring Twenties, there was the Seventeenth-Century speculation in tulip bulbs that drove their price insanely high and obsessed the Dutch like nothing else. Competently written book, prose style a bit flat at times but given the subject matter economists, personal investors and all manner of European history students will benefit from this one. Every bubble bursts, and this one's no exception.

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