Tulip Mania, often regarded as the first recorded financial bubble in history, offers a fascinating glimpse into the early speculative markets of 17th-century Europe. This committee will explore the roots, consequences, and eventual collapse of this economic phenomenon, which gripped the Dutch Republic in the 1630s.

Though the fevered trading of tulip bulbs may seem trivial by modern standards, the crisis it triggered highlights critical lessons about market speculation, herd behavior, and the dangers of unregulated markets. The delegates will debate the role of individual and institutional actors, the social and economic impact on the Dutch economy, and the parallels to modern financial crises.

Delegates will also have the opportunity to discuss measures that could have been taken to curb speculation, mitigate the collapse, and prevent future economic bubbles. Through a historical lens, this committee will provide a broader understanding of how speculation-driven booms can lead to devastating busts in the global economy.

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