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Money For Nothing: The South Sea Bubble and the Invention of Modern Capitalism

Money For Nothing: The South Sea Bubble and the Invention of Modern Capitalism (Hardback)

By Levenson, Thomas

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  • Pub Date
    5 Aug 20

In the summer of 1720 Britain was gripped by stock-market mania, the first truly modern speculative bubble. The South Sea Company, a group of entrepreneurs and fraudsters, had bribed officials and politicians in order to take the national debt off the government's hands. They pro...mised to pay investors an interest rate that proved impossible to achieve, and flooded the market with shares that were traded at ever-higher prices. The inevitable crash almost bankrupted the country. But out of this near-disaster a different idea of money and of investment banking was born. These were the concepts, derived from the scientific revolution centred on London and Cambridge, that underlay the vertiginous rise of capitalism and empire in eighteenth-century Britain.
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ISBN 9781784973940
Released NZ 5 Aug 2020
Publisher Head of Zeus
Format Hardback
Alternate Format(s) View All (1 other possible title(s) available)
Available for pre-order, ships once released

Full details for this title

ISBN-13 9781784973940
Stock Release date is 5 August 2020
Status Available for pre-order, ships once released
Publisher Head of Zeus
Imprint Head of Zeus
Released 5 Aug 2020
Publication Country United Kingdom United Kingdom
Format Hardback
Author(s) By Levenson, Thomas
Category World History: C 1750 To C 1900
British & Irish History
Economic History
Number of Pages 336
Dimensions Width: 153mm
Height: 234mm
Dewey Code 332.645094109033
Weight Not specified - defaults to 1,000g
Interest Age General Audience
Reading Age General Audience
Library of Congress South Sea Bubble, Great Britain, 1720, Capitalism - History - 18th century - Great Britain, Great Britain - Foreign relations
NBS Text Regional History
ONIX Text General/trade