I Am Not Master of Events
eBook - PDF

I Am Not Master of Events

The Speculations of John Law and Lord Londonderry in the Mississippi and South Sea Bubbles

  1. 232 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

I Am Not Master of Events

The Speculations of John Law and Lord Londonderry in the Mississippi and South Sea Bubbles

Book details
Table of contents
Citations

About This Book

Two of the greatest financial fiascos of all time took place at the same time and were instigated by two acquaintances: the Mississippi Bubble, on which John Law at first made a vast fortune and gained sway over French finances; and the South Sea Bubble, launched by Law and Thomas Pitt, Jr., Lord Londonderry, his main partner in England. This book tells the story of these two financial schemes from the letters and accounts of two leading personalities. Larry Neal, a distinguished economic historian, highlights the rationality of each person and also finds that the primitive exchanges of the day, though informal and completely unregulated, actually performed reasonably well.

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Information

Year
2009
ISBN
9780300153170
Edition
1

Table of contents

  1. Contents
  2. Preface
  3. Cast of Characters
  4. 1. Storms in the Ca rib be an Sea and the Life of Lord Londonderry
  5. 2. The War of the Spanish Succession and the Jacobite Rebellion
  6. 3. The Diamond Deal
  7. 4. Learning by Doing: Law and Londonderry Before the Bet
  8. 5. The Bet of the Bubbles
  9. 6. The Blowing and Bursting of Bubbles
  10. 7. The Workout
  11. 8. Family Problems
  12. 9. Did the Speculations of Law and Londonderry Matter?
  13. 10. Epilogue
  14. Appendix: Preliminary Cata logue of the Londonderry Papers
  15. Notes
  16. References
  17. Index