Last edited by Tauzuru
Monday, August 3, 2020 | History

5 edition of South Sea bubble. found in the catalog.

South Sea bubble.

John Carswell

South Sea bubble.

by John Carswell

  • 24 Want to read
  • 4 Currently reading

Published by Stanford University Press in Stanford, Calif .
Written in English

    Subjects:
  • South Sea Company

  • Edition Notes

    Includes bibliography.

    Classifications
    LC ClassificationsHG6008 .C3
    The Physical Object
    Pagination314 p.
    Number of Pages314
    ID Numbers
    Open LibraryOL5802080M
    LC Control Number60015879
    OCLC/WorldCa250915

    South Sea Bubble, popular name in England for the speculation in the South Sea Company, which failed disastrously in The company was formed in by Robert Harley Harley, Robert, 1st earl of Oxford, –, English statesman and bibliophile. For particulars of this famous scheme for reducing the National Debt, projected by Sir John Blunt, who became one of the Directors of it, and ultimately one of the greatest sufferers by it, when the Bubble burst, see Smollett's "History of England," vol. ii; Pope's "Moral Essays," Epist. iii, and notes; and Gibbon's "Memoirs," for the violent and arbitrary proceedings against the Directors.

    The first global financial bubble occurred in in Paris, London and the Netherlands. William Goetzmann, Geert Rouwenhorst, and Rik Frehen have collected stock prices for a large number of the traded companies in The South Sea Bubble was a share schemeallowed to run crazily out of control. 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.

    The book is an economic history of the South Sea Bubble. It combines economic theory and quantitative analysis with historical evidence in order to provide a rounded account. It brings together scholarship from a variety of different fields to update the existing historical work on the : Helen Paul. The South Sea Bubble of was a major financial crash in London. It immediately followed a similar crash on the Paris stock market, known as the Mississippi Bubble. The origins of both episodes are complex. However, the South Sea Bubble was popularly supposed to have been caused by fraud and folly. The financial centres of Europe were interlinked and hence the South Sea Bubble had effects.


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South Sea bubble by John Carswell Download PDF EPUB FB2

The Secret History of the South Sea Bubble: The World's First Great Financial Scandal Hardcover – Ap by Malcolm Balen (Author) › Visit Amazon's Malcolm Balen Page. Find all the books, read about the author, and more.

See search results for this author. Are you an author. Cited by: 2. The South Sea Bubble book. Read reviews from world’s largest community for readers.

An authoritative account of this extraordinary 18th-century financial /5(15). The South Sea Bubble was an ambitious scheme to simultaneously pay off the British government's enormous debts while simultaneously getting rich in London's newly created stock market.

In essence, holders of government debt exchanged valuable bonds and annuities for stock which ultimately became worthless. South Sea bubble. book teases out the details which Cited by:   It is highly likely that anyone reading Crown Phoenix Book 4: The South Sea Bubble will have already read the first three books in this excellent quartet.

The books form two pairs with books one and two focusing on Simon, Neil and Maryam, with the latter two A quick declaration: I had the pleasure of drawing the maps for this series of books /5. The book is an economic history of the South Sea Bubble.

It combines economic theory and quantitative analysis with historical evidence in order to provide South Sea bubble. book rounded account. It brings together scholarship from a variety of different fields to update the existing historical work on the by:   Malcolm Balen's history of the South Sea Bubble, A Very English Deceit, reveals the greed and credulity behind the first great stock-market sting.

The South Sea Bubble was a speculative bubble in the early 18th century involving the shares of the South Sea Company, a British international trading company that was granted a monopoly in trade with Spain’s colonies in South America and the West Indies as part of a treaty made after the War of the Spanish Succession.

In the whole of England became involved with what has since become known as The South Sea Bubble. Inin return for a loan of £7 million to finance the war against France, the House of Lords passed the South Sea Bill, which allowed the South Sea Company a.

The South Sea Company’s proposal was chosen over that of its chief competitor, the Bank of England. With investor confidence mounting, the share price climbed to approximately £ by the end of March.

The South Sea Bubble was not an isolated bubble event in As the South Sea Bubble was developing, a general interest in joint-stock. An authoritative account of this extraordinary 18th-century financial, political, and royal scandal, this book describes the drama of the promotion, the insane fever of speculation, and the international impact of the final collapse.

The South Sea Bubble History/18th/19th Century History Series: Author: John Carswell: Edition: illustrated. THE SOUTH SEA BUBBLE by CARSWELL, JOHN and a great selection of related books, art and collectibles available now at This paper avoids a key question, namely the extent to which the South Sea Bubble was a bubble, meaning an episode in which the economic fundamentals guaranteed a collapse.

That topic, and the large associated literature, will be treated separately. The next section presents a reconstruction of Newton’s investments in the South Sea Size: KB. This chapter begins by connecting the South Sea Bubble with the British government's need to finance its wars. It explored the use of a debt-equity swap to lower its interest cost.

The bubble resulted from a good idea badly designed and administered. Hoare's Bank made a healthy profit from buying and selling stock in the South Sea Company in Additional Physical Format: Online version: Carswell, John. South Sea bubble. Stanford, Calif., Stanford University Press, (OCoLC) Document Type.

By Jesse Colombo (This article was written on June 23rd, ). The Mississippi Bubble was an economic bubble in France in the early s that developed in parallel with Britain’s disastrous South Sea mastermind behind the Mississippi Bubble was John Law, a Scottish financier, gambler and playboy who ascended into the upper echelons of French public finance through his friendship.

> A caricature of the day on the South Sea Company, The Whigs under King William had created the great financial corporation of the Bank of England.

Furthermore, while land was taxed, profits from these new securities were not. This inevitably led to abuse. In this short-form book, New York Times bestselling author Robert Wernick traces the remarkable history of the South Sea Bubble, one of the greatest financial scandals of all time/5(6).

Additional Physical Format: Online version: Reading, Gerald Rufus Isaacs, Marquess of, South Sea Bubble. Westport, Conn.: Greenwood Press, As Helen Paul argues in the introduction to this book, the South Sea Bubble has become a byword for human folly.

Despite the passing of nearly three hundred years, it is still cited by journalists seeking examples to prove the ubiquity of irrationality and fraud in financial markets. The South Sea bubble, nevertheless, unfolded quickly after Parliament approved it in February and the sheer momentum of the crowd’s frenzy kept it going well into July On the timing of the bubble, Dale takes sharp issue with previous analysts of the bubble who claimed that the peak occurred just before the Company closed its books.

The 25 June dividend on South Sea stock was replaced by a 10% stock dividend, which meant that a holder of South Sea Stock had his or her holdings automatically increased to 67 Next, in Septemberas part of the mop-up after the Bubble, investors received another 1/3 stock dividend, so a holding of South Sea stock was Author: Andrew Odlyzko.

Money will change hands, but much as with the with the South Sea Bubble ofthe quality offerings (South Sea Company, London Assurance, Royal Exchange Assurance) will be around for centuries to come. The South Sea Company was wrapped up in the s, not the s, along with the East India Company.

The South Sea Bubble got its name from the South Sea Company that generated so much enthusiasm in the early s. But the company is only part of the story. The bubble really inflated because of hundreds of smaller issues being created around the same time.