The King, the Crook, and the Gambler: The True Story of the South Sea Bubble and the Greatest Financial Scandal in History
Autor Malcolm Balenen Limba Engleză Paperback – 31 mai 2004
The greatest financial scandal in history was not the collapse of Enron or WorldCom, not a piece of insider trading from the 1980s, not a hedge fund leveraged to a trillion dollars or a crooked offshore account. It was bigger than all of them combined. So vast, in fact, that it threatened to bankrupt
an entire nation’s wealth, transforming old monied families with centuries of affluence into the newly destitute.
The South Sea Bubble was a share scheme allowed to run crazily out of control. Modeled on the share trading that had just transformed the rival French economy, it was masterminded by an unscrupulous Englishman who saw a route to untold riches selling shares in a valueless company. The South Sea Company was supposed to establish a lucrative trade in silver and spices between England and the Americas. But there was a problem hidden from investors: for almost the entire duration of its sorry history the Company didn’t even own a boat.
For the first time Malcom Balen tells the dramatic full story of how the fraud was carried out and covered up. Although set in the mazy back alleys of the newly inaugurated financial districts of London and Paris of the 1720s it remains utterly a tale of our times.
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Specificații
ISBN-13: 9780007161782
ISBN-10: 0007161786
Pagini: 256
Dimensiuni: 135 x 203 x 15 mm
Greutate: 0.22 kg
Ediția:Reprint
Editura: HarperCollins Publishers
Colecția HarperPerennial
ISBN-10: 0007161786
Pagini: 256
Dimensiuni: 135 x 203 x 15 mm
Greutate: 0.22 kg
Ediția:Reprint
Editura: HarperCollins Publishers
Colecția HarperPerennial
Textul de pe ultima copertă
An unscrupulous Englishman had the notion for a company that would establish a lucrative trade in silver and spices between England and the Americas. What the investors didn't know was that the South Sea Company barely owned a ship. In this gripping account, Malcolm Balen reveals the true story of how a simple stock-share scheme became a Dickensian web of political and financial intrigue that threatened to overturn two monarchies and topple the British government. Set in the mazy back alleys of the newly inaugurated financial districts of 1720s London and Paris, The King, the Crook, and the Gambler is a lively, fast-paced, and surprisingly epic history of how the South Sea Bubble escalated into a catastrophe that made the fortunes of few and the ruin of many -- and has proved the model for every financial bubble since.
Recenzii
“A great ripping yarn.” — Chicago Tribune
“Brilliant.” — John Snow
“Balen displays both understanding and incredulity in his account of the infamous 18th century trading scandal…a remarkable story.” — Kirkus Reviews
“Balen reminds us that the murky tale of the first bubble stands as a cautionary tale for our time.” — Lisa Jardine, London Times
“Bristles with contemporary resonance...Balen has a felicitous turn of phrase and the pace never flags.” — Financial Times
“Brilliant.” — John Snow
“Balen displays both understanding and incredulity in his account of the infamous 18th century trading scandal…a remarkable story.” — Kirkus Reviews
“Balen reminds us that the murky tale of the first bubble stands as a cautionary tale for our time.” — Lisa Jardine, London Times
“Bristles with contemporary resonance...Balen has a felicitous turn of phrase and the pace never flags.” — Financial Times
Notă biografică
Malcolm Balen is a journalist and author. He is a former executive editor of BBC television and currently head of news for ITV in London.