I am not master of events : the speculations of John Law and Lord Londonderry in the Mississippi and South Sea bubbles /
Two of the greatest financial fiascos of all time took place at the same time and were instigated by two acquaintances: the Mississippi Bubble, on which John Law at first made a vast fortune and gained sway over French finances; and the South Sea Bubble, launched by Law and Thomas Pitt, Jr., Lord Lo...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
New Haven :
Yale University Press,
©2012.
|
| Series: | Yale series in economic and financial history.
|
| Subjects: | |
| Online Access: | Connect to this title online (unlimited users allowed) |
| Summary: | Two of the greatest financial fiascos of all time took place at the same time and were instigated by two acquaintances: the Mississippi Bubble, on which John Law at first made a vast fortune and gained sway over French finances; and the South Sea Bubble, launched by Law and Thomas Pitt, Jr., Lord Londonderry, his main partner in England. This book tells the story of these two financial schemes from the letters and accounts of two leading personalities. Larry Neal, a distinguished economic historian, highlights the rationality of each person and also finds that the primitive exchanges of the day, though informal and completely unregulated, actually performed reasonably well. |
|---|---|
| Physical Description: | 1 online resource (xiv, 214 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780300153170 0300153171 |