ENGLISH

The First Crash: Lessons from the South Sea Bubble

By Richard , Dale

Book information

Publisher
Princeton University Press
Year
2014
ISBN
0691119716, 9781400851645, 1400851645
Language
english
Format
EPUB
Filesize
5 MB (4900021 bytes)
Pages
211 pages\0
Time added
2020-07-26 19:24:52
1720;South Sea Company--History;Stocks--Prices--GrCapital market--Great Britain--History--18th centuGreat Britain

Description

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. The First Crash throws light on the current debate about investor rationality by re-examining the story of the S.

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