how did tulipmania affect the dutch economy 
tulipmania and its ultimate crash didn t damage the dutch economy as journalist charles mackay wrote but there was still some collateral damage historian anne goldgar found evidence from court records of reputations lost and relationships broken when buyers who promised to pay 100 or 1 000 guilders for a tulip refused to pay up the author said that those defaults caused a certain level of cultural shock in an economy based on trade and extensive credit relationships 5