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ROMAN, Adriaen (fl.1637). Samen-Spraeck tusschen Waermondt Ende Gaergoedt, Nopende de opkomste ende ondergang van Flora. Haarlem: A. Roman, 1637.
Extremely rare early work on Tulipomania, analysing the speculation through a dialogue between ‘True-Mouth’ and ‘Greedy-Goods’.
4° (187 x 135mm), 24pp. Woodcut device on title and initials, black letter and Roman type. Modern boards. Sold with a modern translation into English.
The infamous speculation in tulips started in the Netherlands in 1635, ending in spectacular failure in 1637. The author of this pamphlet, which has been attributed to its printer, suggests that the crisis started on 3 February 1637. In a form of a dialogue, the great difference in prices is explained. The tulips bulbs, originally from Turkey and the Middle East, became to be revered as eastern exotica, and their breeding intrigued a Dutch society which embraced scientific advancement. This interest in tulips also co-incided with the establishment of the first modern banking and finance systems in Europe, with the foundation of the Dutch East India Company in 1602 and the listing of its shares on the Exchange soon afterwards. In the beginning of tulipomania, it was mainly a small coterie of growers and wealthy persons of standing that were interested, but as time went on the craze grew enormously, and appealed greatly to those without any connection to the bulbgrowers, but who could understand a natural product more easily than complicated share arrangements in listed companies. Technically all such speculative deals had to be drawn up in contracts handled by a solicitor, but as time went on, and as more people from all classes and backgrounds were drawn in, wild speculation in tulips led to a less elaborate and more informal methods of trading. Gaergoedt (‘Greedy-goods’) describes in this dialogue the methods by which ‘colleges’, in effect private societies of tulip dealers, bought and sold the bulbs. These colleges seem to have formed in the middle of 1636, and were part of an innovative series of developments that included the sale of non-available bulbs, i.e. the trade in excrescenses or outgrowths, that were separated from the main bulb only after a considerable period of time, and therefore created a futures market by which the speculative element was greatly increased.
This pamphlet is extremely rare. WE HAVE NOT ABLE TO TRACE ANY COPIES SELLING AT AUCTION (ABPC/RBH); Worldcat only reports 4 copies: Royal Library in The Hague, Leiden, Groningen and the Luther Seminary Library, St Paul, MN, USA; to which the copy at Harvard can be added (Kress S.663).
This work is offered with an English translation, published in Emmett, Ross B., editor. Great Bubbles. London: 2000.
Extremely rare early work on Tulipomania, analysing the speculation through a dialogue between ‘True-Mouth’ and ‘Greedy-Goods’.
4° (187 x 135mm), 24pp. Woodcut device on title and initials, black letter and Roman type. Modern boards. Sold with a modern translation into English.
The infamous speculation in tulips started in the Netherlands in 1635, ending in spectacular failure in 1637. The author of this pamphlet, which has been attributed to its printer, suggests that the crisis started on 3 February 1637. In a form of a dialogue, the great difference in prices is explained. The tulips bulbs, originally from Turkey and the Middle East, became to be revered as eastern exotica, and their breeding intrigued a Dutch society which embraced scientific advancement. This interest in tulips also co-incided with the establishment of the first modern banking and finance systems in Europe, with the foundation of the Dutch East India Company in 1602 and the listing of its shares on the Exchange soon afterwards. In the beginning of tulipomania, it was mainly a small coterie of growers and wealthy persons of standing that were interested, but as time went on the craze grew enormously, and appealed greatly to those without any connection to the bulbgrowers, but who could understand a natural product more easily than complicated share arrangements in listed companies. Technically all such speculative deals had to be drawn up in contracts handled by a solicitor, but as time went on, and as more people from all classes and backgrounds were drawn in, wild speculation in tulips led to a less elaborate and more informal methods of trading. Gaergoedt (‘Greedy-goods’) describes in this dialogue the methods by which ‘colleges’, in effect private societies of tulip dealers, bought and sold the bulbs. These colleges seem to have formed in the middle of 1636, and were part of an innovative series of developments that included the sale of non-available bulbs, i.e. the trade in excrescenses or outgrowths, that were separated from the main bulb only after a considerable period of time, and therefore created a futures market by which the speculative element was greatly increased.
This pamphlet is extremely rare. WE HAVE NOT ABLE TO TRACE ANY COPIES SELLING AT AUCTION (ABPC/RBH); Worldcat only reports 4 copies: Royal Library in The Hague, Leiden, Groningen and the Luther Seminary Library, St Paul, MN, USA; to which the copy at Harvard can be added (Kress S.663).
This work is offered with an English translation, published in Emmett, Ross B., editor. Great Bubbles. London: 2000.
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