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Book Cover
E-book
Author Dale, Richard

Title The first crash : lessons from the South sea bubble / Richard Dale
Published Princeton, N.J. : Princeton University Press, [2004]
©2004

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Description 1 online resource (198 pages) : illustrations
Contents Coffee houses, the press and misinformation -- Exchange Alley and the evolution of London's securities market -- Origins of the South Sea Company -- John Law and the Mississippi Bubble -- The South Sea scheme -- The bubble -- The crash -- Crisis resolution -- Lessons from the South Sea Bubble. Appendix II. Hutcheson's South Sea parable ; Appendix II. Technical note on stock and subscription price data
Summary "The First Church throws light on the current debate about investor rationality by re-examining the story of the South Sea Bubble from the standpoint of investors and commentators during and preceding the fateful bubble year. In absorbing prose, Richard Dale describes the trading techniques of London's Exchange Alley (which included 'modern' transactions such as derivatives) and uses new data, as well as the hitherto neglected writings of a brilliant contemporary financial analyst, to show how investors lost their bearings during the Bubble period in much the same way as during the dot.com boom." "The events of 1720, as presented here, offer insights into the nature of financial markets that, being independent of place and time, deserve to be considered by today's investors everywhere. This book is therefore aimed at all those with an interest in the behavior of stock markets."--Jacket
Bibliography Includes bibliographical references (pages 187-194) and index
Notes Print version record
Subject South Sea Company -- History
SUBJECT South Sea Company fast
South Sea Company gnd
South Sea Company. rasuqam
Subject South Sea Bubble, Great Britain, 1720.
Financial crises -- Great Britain -- History -- 18th century
Capital market -- Great Britain -- History -- 18th century
Stocks -- Prices -- Great Britain -- History -- 18th century
BUSINESS & ECONOMICS -- Finance.
HISTORY -- Europe -- Great Britain.
Capital market
Financial crises
Stocks -- Prices
Börsenspekulation
Speculatie.
Crises.
Aandelen.
Crise boursière.
Marché des valeurs mobilières.
Bulle spéculative.
Bulle spéculative de la South Sea Company (1720)
18e siècle.
Histoire.
Cours du marché
Great Britain
Grande-Bretagne.
Genre/Form History
Form Electronic book
ISBN 9781400851645
1400851645
1306548047
9781306548045