Who would have thought that the humble tulip, so readily available these days in the garden centres and supermarkets, once almost caused war, battles royal between collectors and an orgy of buying and selling that was greater than that ever created on Wall Street by oil or gold. Individual bulbs were being sold for amounts 10 times the sum an ordinary family would live on for a year causing eyebrows to rise in neighbouring countries who watched with disbelief as this normally staid and reserved country descended into farce over a single flower. This was not about horticulture but money. Wealth, if you played your cards right, undreamt of, taking place in 17th century Holland in the years 1633-1637. Now referred back to as the great Dutch tulip mania, it almost mirrors the boom and bust years of the 1980s when everyone was scrambling to buy shares and better themselves before it all fizzled out at the end of the decade with multi bankruptcies and repossessions. Mike Dash takes the reader on a fascinating history of this humble plant, from its origins in the East where it caused a different kind of frenzy in religion being regarded as a "holy" flower to the madcap years of trading in the West. From the blooms seen in the acclaimed Dutch botanical paintings to the more recognisable, these small bulbs caused a stir in the financial world still quoted today in student texts. More a novel of intrigue and adventure than a horticultural tale, this is a must for anyone with a green streak and an ounce of recklessness in them. - Lucy Watson
In 1630s' Holland thousands of people, from the wealthiest merchants to the lowest street traders, were caught up in a frenzy of buying and selling. The object of the speculation was not oil or gold, but the tulip, a delicate and exotic bloom that had just arrived from the east. Over three years, rare tulip bulbs changed hands for sums that would have bought a house in Amsterdam: a single bulb could sell for more than £300,000 at today's prices. Fortunes were made overnight, but then lost when, within a year, the market collapsed.
Mike Dash recreates this bizarre episode in European history, separating myth from reality. He traces the hysterical boom and devastating bust, bringing to life a colourful cast of characters, and beautifully evoking Holland's Golden Age.