Tulip Mania (1637) was the first recorded financial speculative bubble, occurring in the Dutch Republic during the 17th century. At the peak of the craze, the prices for certain tulip bulbs reached extraordinarily high levels, fueled by intense speculation. People from all social classes invested heavily, believing prices would continue to rise. However, the market suddenly collapsed, causing prices to plummet and leading to significant financial losses. Tulipomania remains a classic example of speculative frenzy and the dangers of market bubbles.