The South-Sea Bubble

By Charles Mackay

Book Overview

""The South-Sea Bubble"" by Charles MacKay is a historical account of one of the most infamous financial bubbles in history. The book tells the story of the South Sea Company, a British joint-stock company that was granted a monopoly to trade with South America and the Pacific by the British government in 1711. The company's stock price soared in the early 18th century, leading to a speculative frenzy among investors that eventually led to the company's collapse in 1720. MacKay's book provides a detailed examination of the factors that contributed to the South Sea Company's rise and fall, including the company's aggressive marketing tactics, the role of government officials in promoting the company's stock, and the psychological factors that drove investors to buy into the bubble. The book also explores the broader economic and political context of the South Sea Bubble, including the impact of the company's collapse on the British economy and the political fallout that followed.""The South-Sea Bubble"" is a classic work of economic history that offers valuable insights into the dynamics of financial bubbles and the dangers of unchecked speculation. MacKay's vivid storytelling and engaging prose make this book an accessible and entertaining read for anyone interested in the history of finance and economics.THIS 52 PAGE ARTICLE WAS EXTRACTED FROM THE BOOK: Memoirs of Extraordinary Popular Delusions and the Madness of Crowds Part 1, by Charles MacKay. To purchase the entire book, please order ISBN 0766134415.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

• Format: Paperback
• Language: English
• ISBN: 1425365639
• ISBN13: 9781425365639
• Release Date: December 2005
• Publisher: Kessinger Publishing
• Length: 52 Pages
• Weight: 0.31 lbs.
• Dimensions: 0.1" x 8.3" x 11.0"