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The First Crash: Lessons from the South Sea Bubble

The First Crash: Lessons from the South Sea Bubble

Paperback

EconomicsInvesting & FinanceBritish History

ISBN10: 0691170940
ISBN13: 9780691170947
Publisher: Princeton Univ Pr
Published: May 31 2016
Pages: 192
Weight: 0.73
Height: 0.48 Width: 6.14 Depth: 9.21
Language: English

For nearly three centuries the spectacular rise and fall of the South Sea Company has gripped the public imagination as the most graphic warning to investors of the dangers of unbridled speculation. Yet history repeats itself and the same elemental forces that drove up the price of South Sea shares to dizzying heights in 1720 have in recent years produced the global crash of 1987, the Japanese stock market bubble of the 1980s/90s, and the international dot.com boom of the 1990s.


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