Description
Book SynopsisTrade Review"Richard Dale ... picks a scholarly but readable path through the events that led to the collapse of shares in the infamous South Sea Company in 1720. Only the purblind could fail to draw some important parallels between the events of that year and the bubbles of the more recent past, not least the dot.com mania of five years ago."--Jonathan Davis, The Independent
Table of ContentsIntroduction 1 Chapter One: Coffee Houses, The Press and Misinformation 7 Chapter Two: Exchange Alley and the Evolution of London's Securities Market 22 Chapter Three: Origins of the South Sea Company 40 Chapter Four: John Law and the Mississippi Bubble 56 Chapter Five: The South Sea Scheme 73 Chapter Six: The Bubble 96 Chapter Seven: The Crash 125 Chapter Eight: Crisis Resolution 140 Chapter Nine: Lessons from the South Sea Bubble 155 Appendix I: Hutcheson's South Sea Parable 171 Appendix II: Technical Note on Stock and Subscription Price Data 172 Chapter Ten: Conclusion 178 Glossary 185 Bibliography 187 Index 195
