Jennifer Szalai, Lapham's Quarterly:
"The speculator is fixated on what everybody else is thinking, because the existence of a market in shares means that prices will be determined more often by the mentality of the herd than by the thing itself—whether it be a tulip, a pork belly, a pound sterling, or a house...Tulips may be beautiful to look at, a lovely addition to the breakfast table, but during the height of Tulipomania in the winter of 1636-7, the bulbs were in the ground and speculators were trading pieces of paper: no tulips were actually delivered"
Mr. Narendra Modi claims that Shivaji did not sack Surat in 1664 and 1670.
Instead, Mr. Modi says, he plundered Mughal emperor Aurangazeb's treasure in the city with the help of local people.
In any case, it looks like, we all have to start loving Mr. Modi.
Dutch painter then present grabbed that opportunity to draw Shivaji's most moving portrait available to us today.
If you read Marathi (मराठी), read a couple of pages from Godse's said essay below:
[ "Shivrayache Kaise Bolane....", 'Samande Talash', Shreevidya Prakashan,
("शिवरायाचे कैसे बोलणे…. ", 'समन्दे तलाश', श्रीविद्या प्रकाशन , 1981) ]
On February 2 1637, legendary Dutch tulip bubble burst. It very much happened on Shivaji's watch. Maharaj was six years old.
Did Shivaji know (they say he was generally well informed even about European affairs) about the speculative madness as he stood in the Dutch factory? If he knew, what would he think about the money that changed hands in Holland during the mania? He needed only a tiny fraction of it to build his own dream and that's why he was in Surat in the first place!
Courtsey: The Economist
Dan Piepenbring writes in 'Tulipomania!':
Artist: Jan Brueghel the Younger (1601-1678), 1640