Publisher's Synopsis
The South-Sea Bubble is a book written by Charles MacKay that delves into one of the most infamous financial scandals in history. The book provides a comprehensive account of the South Sea Company, a British joint-stock company that was established in the early 18th century with the aim of trading with South America and the Pacific. The company's shares became highly sought after, and investors poured their money into the company, believing that they would reap enormous profits.However, the South Sea Company's success was short-lived. The company engaged in risky and speculative ventures, which ultimately led to its collapse in 1720. The book explores the factors that contributed to the company's downfall, including the greed of its directors, the role of the government in the scandal, and the psychological factors that drove investors to make irrational decisions.The South-Sea Bubble is a gripping and insightful read that sheds light on the dangers of financial speculation and the importance of sound investment practices. MacKay's engaging writing style and his meticulous research make this book a must-read for anyone interested in the history of finance and economics.THIS 52 PAGE ARTICLE WAS EXTRACTED FROM THE BOOK: Memoirs of Extraordinary Popular Delusions and the Madness of Crowds Part 1, by Charles MacKay. To purchase the entire book, please order ISBN 0766134415.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
