#9
Dutch Tulip Mania (1637)
Dutch Tulip Mania remains the benchmark for speculative frenzy, with a single tulip bulb selling for 10 times a skilled laborer's annual income—more than an Amsterdam canal house—before prices crashed 99% in February 1637. Tulip contracts fell to less than 1% of their peak value within six weeks, a sharper decline than the average bubble crash.
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