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Prague recalls as the tulip unleashed the first bankruptcy stock of Europe

KCBA News
March 19, 2014 2:47 pm

Prague, Mar 19 (Entravision) .- The tulip as a symbol of the eastern sensuality, the expiration of the time and the luxury is the subject of a sample in Prague, a city which came into Europe this flower of Persia that unleashed such fascination that caused the first bankruptcy stock in the Old Continent in the seventeenth century.

“The dawn of spring in the royal gardens: Tulips and vases in the Prague Castle”, it is a sample that lasts until Sunday and that it is ephemeral since their protagonists are those colorful flowers and appreciated.

In the exhibition in the gardens of the Prague Castle is reminiscent of a tradition that started in the Prague court at the time of King Ferdinand I Of Bohemia (1503-1564), born in Alcalá de Henares (Madrid) .

The show includes some actual collections of vases and bowls made of glass, alabaster, majolica and stone, and that appear decorated with tulips, which are exhibited fifty kinds.

“This time, at the beginning of the spring, something more moist and with temperatures of up to 10 or 15 degrees, is ideal for that flourish the tulip,” explains to Efe Ivan Dobrovodsky, gardener of the Castle.

have been grown here, in the elegant conservatory style empire, from bulbs brought from Holland, the European country where is more deeply rooted plant native to Persia.

and that is that Ottoman sultans as Fatih Mehmed II the Conqueror (1432-1481), Suleyman the Magnificent (14994-1566) or Selim II (1524-1574) They were great admirers of tulips.

“On the initiative of the Ottoman rulers, its envoys gathered 300,000 wild tulips of the Black Sea area. Was the basis of the improvement efforts to achieve colors and more varied ways”, explained the author of the sample, Jaroslav Sojka.

This was how the conde Ogier Ghiselin of Busbecq, ambassador of Bohemia in the court of Selim I, came into contact with these exotic plants, which were later described by a European botanical as a “turban upside down” .

In 1554 the ambassador sent to Ghiselin Prague tulips as a gift, together with lilios and alhelies, to decorate their gardens, and in this way “the first tulips in Europe flourished in the Prague Castle”, recalled Sojka.

Carolus priceless, another botanist to the orders of the Emperor Rudolf II Habsburg, was the one who did reach the tulips to Holland, for his academic research at the University of Leyden.

“The fascination of the tulip became ‘tulipanomania’, in a fever or madness by the tulips. This is the name of one of the speculative bubbles oldest in Europe, and which resulted in the first stock market collapse”, also noted the author of the sample.

Sojka recalled that this crisis is unleashed, virulently, in the years 1634-1637 in the Netherlands, where since the beginning of the century began to cross different types of tulips, until it became a very popular flower, in spite of its fragility and ephemeral flowering.

“In the beginning a tulip bulb cost a guilder, and soon the price shot up to 1,000 guilders, and there was a law that protected of the Tulip to the traders, because set prison terms for damaging the bulbs,” said.

also recalled as auctions, bags of Trade contracts for the purchase in the future created an economic sector around the tulips that gave enormous profits to the traders while the price was rising, but that it also unleashed a wave of speculation.

The tulip more expensive of the history was the Semper Augustus red white, by one of whose bulbs was reached in 1636 to pay a whopping 4,600 guilders (about 90,000 euros at current exchange rates), and even “in 1637 it was to change a brewer by three tulip bulbs”, added the expert.

That scenario did not foresee what happened shortly after the bankruptcy of the Amsterdam stock exchange, when the supply began to exceed the demand and the prices are Plunged in a maelstrom of sale that caused bankruptcies, liquidations of goods and serious economic disruptions.

This is the reason that “even the painter Rembrandt had to sell his house,” concluded Sojka.

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