The First Crash: Lessons from the South Sea Bubble

by Richard Dale

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 0691170940
• ISBN13: 9780691170947
• Release Date: May 2016
• Publisher: Princeton University Press
• Length: 192 Pages
• Weight: 0.73 lbs.
• Dimensions: 0.5" x 6.1" x 9.2"