A VIRUS THAT CAUSED THE FIRST FINANCIAL BUBBLE: “TULIPMANIA”Plato Basumatary, Preeti Hatibarua and Jangila HazowaryAbstract Tulipmania is one of the first financial bubble that recorded in the history where the price of a single rare broken tulips reached to an extravagant price. The mania took place between 1634 and 1637 in Holland. The broken tulips were considered as a luxury and status item during that period. The broken tulips were caused by âTulip breaking virusâ which induced the breaking of flower colour into stripes like pattern. |