International Journal of Social Science & Economic Research
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Title:
A QUALITATIVE RESEARCH ON THE 1630S’ TULIP BUBBLE ‘TULIPMANIA’

Authors:
Abhijay Dwivedi

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Abhijay Dwivedi
Lotus Valley International School Noida

MLA 8
Dwivedi, Abhijay. "A QUALITATIVE RESEARCH ON THE 1630S’ TULIP BUBBLE ‘TULIPMANIA’." Int. j. of Social Science and Economic Research, vol. 8, no. 8, Aug. 2023, pp. 2478-2491, doi.org/10.46609/IJSSER.2023.v08i08.028. Accessed Aug. 2023.
APA 6
Dwivedi, A. (2023, August). A QUALITATIVE RESEARCH ON THE 1630S’ TULIP BUBBLE ‘TULIPMANIA’. Int. j. of Social Science and Economic Research, 8(8), 2478-2491. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i08.028
Chicago
Dwivedi, Abhijay. "A QUALITATIVE RESEARCH ON THE 1630S’ TULIP BUBBLE ‘TULIPMANIA’." Int. j. of Social Science and Economic Research 8, no. 8 (August 2023), 2478-2491. Accessed August, 2023. https://doi.org/10.46609/IJSSER.2023.v08i08.028.

References

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[2]. Goldgar., A. (2018). Tulip mania: The classic story of a Dutch financial bubble is mostly wrong.https://scroll.in/article/868424/tulip-mania-the-classic-story-of-a-dutch-financial-bubble-is-mostly-wrong
[3]. Kerler., M. (2017). The history and consequences of the Tulipmania. https://www.grin.com/document/497553
[4]. Narron, J., & Skeie, D. (2013). Crisis Chronicles: Tulip Mania, 1633–37. Ritholz, September, 22.https://libertystreeteconomics.newyorkfed.org/2013/09/crisis-chronicles-tulip-mania-1633-37/
[5]. Gupta., P. (2019). Tulip Mania: The First Economic Bubble! https://nickledanddimed.com/2019/08/29/tulip-mania-the-first-economic-bubble/
[6]. Van der Veen, A. M. (2012). The Dutch tulip mania: The social foundations of a financial bubble. Department of Government College of William & Mary.https://businessecon.org/wp-content/uploads/2013/09/TulipMania.pdf
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[8]. Boissoneault., L., (2017). There Never Was a Real Tulip Fever. https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/
[9]. French, D. (2006). The Dutch monetary environment during tulipmania. Quarterly Journal of Austrian Economics, 9(1), 3.http://www.ltadvisors.net/Info/research/Tulipbubble.pdf
[10]. Thompson, E. A. (2007). The tulipmania: Fact or artefact?. Public Choice, 130, 99-114. https://link.springer.com/article/10.1007/s11127-006-9074-4
[11]. Garber, P. M. (1989). Tulipmania. Journal of political Economy, 97(3), 535-560. https://www.journals.uchicago.edu/doi/abs/10.1086/261615
[12]. Moore, A., Artz, J., & Ehlen, C. R. (2017). TULIP MANIA. International Journal of the Academic Business World, 11(2). https://search.ebscohost.com/login.aspx?direct=true&profile=ehost&scope=site&authtype=crawler&jrnl=19426089&AN=125439972&h=cQQXFQBlDdTGLI4vEBmK3XxSk3CSP9J3%2FDBOh1nsOgahMNGb6IsptatSSe3m9J%2FbSCHk5xtp%2BnYj4HdpFh%2B1vw%3D%3D&crl=c

ABSTRACT:
This study provides a comprehensive analysis of the Tulip Bubble "Tulip Mania" of the 1630s, focusing on its economic consequences, psychological factors, and comparative analysis with other historical bubbles. A comparative analysis with other historical bubbles, including the South Sea Bubble and the Dot-com Bubble, highlighted commonalities in underlying causes, market dynamics, and outcomes. All three bubbles experienced rapid price escalation and eventual market crashes, albeit with distinct causes and impacts. Based on the research findings, several recommendations are made. These include the implementation of prudent economic policies and effective regulations, raising risk awareness and investor education, and drawing historical lessons to inform decision-making in contemporary financial markets. The study also suggests future research directions, such as exploring the long-term socioeconomic impact of the Tulip Bubble, studying cultural symbolism, analysing market dynamics, conducting comparative analysis with contemporary bubbles, and encouraging cross-disciplinary collaboration. This study contributes to the understanding of historical financial bubbles, human behaviour in speculative markets, economic regulations, and their implications for contemporary contexts. By examining the Tulip Bubble "Tulipmania" of the 1630s, this research offers valuable insights and lessons for financial markets, regulators, and policymakers, highlighting the importance of prudent economic management, investor education, and awareness of psychological factors that can drive speculative bubbles.

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