Tulip Mania was a period in the Dutch Golden Age during the 1630s when the prices of tulip bulbs skyrocketed to extraordinary levels. At its peak, some rare bulbs were sold for the price of a house, leading to widespread speculation. People from various social classes invested heavily, hoping to profit from the rising prices. However, the bubble burst in 1637 when prices suddenly collapsed, leaving many investors with worthless bulbs. This event is often cited as one of the first recorded economic bubbles and serves as a cautionary tale about the dangers of speculative investing and market psychology.