The First Crash: Lessons from the South Sea BubblePrinceton University Press, 2014 M04 24 - 192 páginas For nearly three centuries the spectacular rise and fall of the South Sea Company has gripped the public imagination as the most graphic warning to investors of the dangers of unbridled speculation. Yet history repeats itself and the same elemental forces that drove up the price of South Sea shares to dizzying heights in 1720 have in recent years produced the global crash of 1987, the Japanese stock market bubble of the 1980s/90s, and the international dot.com boom of the 1990s. |
Contenido
1 | |
CHAPTER ONE Coffee Houses The Press and Misinformation | 7 |
CHAPTER TWO Exchange Alley and the Evolution of Londons 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 |
CHAPTER TEN Conclusion | 178 |
Glossary | 185 |
Bibliography | 187 |
195 | |