Tulips are likely the culprits behind the first economic crash.
In the 1600s tulips were the most expensive flower in the world—some were even valued higher than most homes. Speculators traded bulbs for far above their true value before the market suddenly crashed. The term “Tulip Mania” was derived from this phenomenon. Now, Tulip Mania is often used to describe any economic bubble.
Southern gardeners should treat tulips as annuals.
While tulips are technically perennials, you’ll have more luck if you plant them yearly. Plant bulbs in the fall if you live in a chillier area of the South where winter temps are consistently in the 30s. Tulips need to be chilled before they bloom, which is known as vernalization. In warmer areas you’ll still want to buy your bulbs in the fall, but instead of planting right away, first store them in the crisper drawer of your refrigerator for 8 to 10 weeks. Of course, you can always save yourself a step and opt for pre-chilled bulbs.