Viceroy, a tulip bulb, cost 2500 guilders in the Dutch Republic in 1636. Its price was equivalent to buying at least five tons of wheat, ten tons of rye, four oxen, eight pigs, and twelve sheep. Viceroy was only one example of the many lucrative bulbs circulating on the market.

This was tulipmania, inseparable from the booming Dutch financial sector at that time. The government has just established the publicly traded Dutch East India Company, the Amsterdam stock exchange, and the Bank of Amsterdam. Regardless of their socioeconomic status, people suddenly had the chance to make a fortune in the world’s earliest financial sector. They hyped the price up for tulips, which symbolized social prestige and had a low supply, hence the potential for high returns. What could happen at the height of this market frenzy?

Taking on roles including traders and lawyers, delegates in this committee will participate in tulip trading while identifying risks within the financial system. However, the challenge does not end here, as the Dutch Republic also needs to fight the Bubonic Plague and manage its expanding global trading network, both of which escalate speculative tulip trading. Tulipmania is a dynamic committee that invites delegates to envision comprehensive financial and political frameworks that cushion the country against unexpected challenges.

Background Guide: https://drive.google.com/file/d/1gu_L9-a0EHlyk7blnxAaVJAZxcEv-cpH/view?usp=drive_link