Chapter 12. “Hot Market”
Tulip mania: A reckless mania for the purchase of tulip-bulbs in the seventeenth century. Beckmann says it rose to its greatest height in the years 1634–1637. A root of the species called Viceroy sold for £250; Semper Augustus, more than double that sum. The tulips were grown in Holland, but the mania which spread over Europe was a mere stock-jobbing speculation. | ||
| --E. Cobham Brewer, Dictionary of Phrase and Fable, 1898. | ||
Definition
“Hot Markets” feature frantic buying, if not hoarding, of highly desired key products or services such as tickets to championship sporting events, responses to innovative terrorism, or defenses against epidemic. There is typically intense demand, limited time, and breathless enthusiasm for a ...
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