Devil Take the Hindmost

Fülszöveg

1,1 llHsMli
"An admirably researched and very well written account of speculative insanity from thQearliest times to, let no one doubt, the present. Anyone contempla®g a stock market venture and certainly anyone now involved shoul^jiBad this book." —^John Kenneth Galbraith
"The greatest hits|o»financial silliness recounted coherently and gr^ceSUy Chancellor docs a fine mggf^^ job of capturii^tft atmosphere of the limes.'y —Fortune magazine i
Devil Take the Hindmost is a lively, original, and challenging history of stock market speculation from the seventeenth century to the present day. Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, to "stockjobbing" in London's Exchange Alley (where wine sold at auction by an "inch of a candle"), to the infamous South Sea Bubble of 1720, which prompted investor Sir Isaac Newton to comment, "1 can calculatc the motion of... Tovább

Fülszöveg

1,1 llHsMli
"An admirably researched and very well written account of speculative insanity from thQearliest times to, let no one doubt, the present. Anyone contempla®g a stock market venture and certainly anyone now involved shoul^jiBad this book." —^John Kenneth Galbraith
"The greatest hits|o»financial silliness recounted coherently and gr^ceSUy Chancellor docs a fine mggf^^ job of capturii^tft atmosphere of the limes.'y —Fortune magazine i
Devil Take the Hindmost is a lively, original, and challenging history of stock market speculation from the seventeenth century to the present day. Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, to "stockjobbing" in London's Exchange Alley (where wine sold at auction by an "inch of a candle"), to the infamous South Sea Bubble of 1720, which prompted investor Sir Isaac Newton to comment, "1 can calculatc the motion of heavenly bodies, but not the madness of people." Here are brokers underwriting risks that included highway robbery and the "assurance of female chastity"; credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton.
From the Gilded Age to the Roaring Twenties, from the nineteenth-century railway mania to the crash of 1929, from junk bonds and the Japanese bubble economy to the day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages. Vissza