Professor of Early Modern History, King’s College London Anne Goldgar has received funding from the US National Endowment for the Humanities. King’s College London provides funding as a member of The Conversation UK.

Republish our articles for free, online or in print, under Creative Commons license. Right now, it’s Bitcoin.

But in the past we’ve had dotcom stocks, the 1929 crash, 19th-century railways and the South Sea Bubble of 1720. All these were compared by contemporaries to “tulip mania”, the Dutch financial craze for tulip bulbs in the 1630s.

Bitcoin, according some sceptics, is “tulip mania 2.0”. Tulip mania was irrational, the story goes.

Tulip mania was a frenzy. Everyone in the Netherlands was involved, from chimney-sweeps to aristocrats. Read more from…

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