New PDF release: The South Sea Bubble: An Economic History of its Origins and

By Helen Paul

ISBN-10: 0415469732

ISBN-13: 9780415469739

The booklet is an fiscal background of the South Sea Bubble. It combines financial thought and quantitative research with ancient facts so as to supply a rounded account. It brings jointly scholarship from numerous diverse fields to replace the prevailing ancient paintings at the Bubble. Up in the past, fiscal background study has now not been built-in into mainstream histories of 1720. Technical paintings on proportion costs and ledgers has been inaccessible to a much broader viewers. in addition to delivering new facts opposed to the playing mania argument, the e-book additionally translates the present monetary heritage scholarship for non-specialists.

Show description

Read Online or Download The South Sea Bubble: An Economic History of its Origins and Consequences PDF

Similar economic conditions books

Read e-book online Quality of Life in Ireland: Social Impact of Economic Boom PDF

The Celtic Tiger has prompted the Irish economic system to roar forward, yet what has it performed to Irish society? a few see the emerging tide as having lifted all boats, whereas others argue that the advantages have gathered often to those that have been already good put. a few spotlight how fiscal progress has raised dwelling criteria, whereas others say that it has imposed traces on kinfolk existence, eroded values and groups, and created difficulties in getting access to enough housing, future health care and different prone.

Boomerang! by Nick Drake-Knight PDF

Caliber of carrier is key within the retail undefined, if buyers are to come back time after time. This e-book units out the "Continue and start" approach to education for caliber, utilizing nameless consumers to watch employees in motion. It explains tips to encourage humans and support them to enhance, to accomplish constant top of the range provider throughout all branches of an organization.

Download e-book for kindle: The Rise and Fall of the US Mortgage and Credit Markets by James Barth

The personal loan meltdown: what went mistaken and the way can we repair it? . possessing a house can bestow a feeling of protection and independence. yet this day, in a merciless twist, many americans now regard their houses as a resource of fear and dashed expectancies. How did every little thing move haywire? And what will we do approximately it now?

Extra resources for The South Sea Bubble: An Economic History of its Origins and Consequences

Example text

Although histories of the Bubble use Hogarth’s prints and apposite quotations from Hutcheson’s tracts, these pieces of primary evidence are usually taken out of context. The South Sea scheme became a focus of worries about religious and national identity, misogyny and class prejudice. These contemporary concerns were more important, and more readily understood, than the newfangled stock market. All the writings of the landed elite should be considered with the following proviso: the elite were a largely anti-­ Semitic, xenophobic, anti-­Catholic group who wished that servants and women would stay in their places.

However, contemporaries often disliked the stock market for reasons that had little to do with the economy. The presence of Jews, foreigners, women and servants in the markets was considered sufficient reason for condemnation. The novelty of the stock markets led to confusion. People drew a false analogy with gambling, which was something that they did understand. Conversely, whilst contemporary morals did not strongly condemn gift-­giving to powerful political figures, this bribery is seen by modern writers as proof that the whole South Sea project was a fraud.

Hatton argued that as this behaviour cannot be simply condemned as corruption. She noted that the sale of offices was common in Europe. However, she also pointed out that the Hanoverians themselves wished for change. In George I’s time, no important place at court was for sale (Hatton 1978: 148). Both he and his son unsuccessfully tried to reform the system of purchasing military commissions (Brewer 1994: 57). The South Sea Company’s bribes to political The stock market in early modern England 15 figures have been taken as evidence of widespread corruption within the company.

Download PDF sample

The South Sea Bubble: An Economic History of its Origins and Consequences by Helen Paul


by Paul
4.2

Rated 4.27 of 5 – based on 5 votes