A Collection Of Calculations And Remarks Relating To The South Sea Scheme Stock By Archibald Hutcheson PDF Download

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The First Crash

The First Crash
Author: Richard Dale
Publisher: Princeton University Press
Total Pages: 211
Release: 2016-05-31
Genre: Business & Economics
ISBN: 0691170940

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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 dot.com boom of the 1990s. The First Crash 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.


Money for Nothing

Money for Nothing
Author: Thomas Levenson
Publisher: Random House
Total Pages: 480
Release: 2020-08-18
Genre: Business & Economics
ISBN: 0812998472

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The sweeping story of the world’s first financial crisis: “an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians . . . narrative history at its best, lively and fresh with new insights” (Liaquat Ahamed, Pulitzer Prize–winning author of Lords of Finance) A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution—the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos—would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain’s financial troubles. Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens’ shares of the nation’s debt for company stock, removing the burden from the state and making South Sea’s directors a fortune in the process. Everybody would win. The king’s ministers took the bait—and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain’s leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange. Thomas Levenson’s Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.


Calculated Values

Calculated Values
Author: William Deringer
Publisher: Harvard University Press
Total Pages: 439
Release: 2018-02-19
Genre: Business & Economics
ISBN: 0674985974

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Modern political culture features a deep-seated faith in the power of numbers to find answers, settle disputes, and explain how the world works. Whether evaluating economic trends, measuring the success of institutions, or divining public opinion, we are told that numbers don’t lie. But numbers have not always been so revered. Calculated Values traces how numbers first gained widespread public authority in one nation, Great Britain. Into the seventeenth century, numerical reasoning bore no special weight in political life. Complex calculations were often regarded with suspicion, seen as the narrow province of navigators, bookkeepers, and astrologers, not gentlemen. This changed in the decades following the Glorious Revolution of 1688. Though Britons’ new quantitative enthusiasm coincided with major advances in natural science, financial capitalism, and the power of the British state, it was no automatic consequence of those developments, William Deringer argues. Rather, it was a product of politics—ugly, antagonistic, partisan politics. From parliamentary debates to cheap pamphlets, disputes over taxes, trade, and national debt were increasingly conducted through calculations. Some of the era’s most pivotal political moments, like the 1707 Union of England and Scotland and the 1720 South Sea Bubble, turned upon calculative conflicts. As Britons learned to fight by the numbers, they came to believe, as one calculator wrote in 1727, that “facts and figures are the most stubborn evidences.” Yet the authority of numbers arose not from efforts to find objective truths that transcended politics, but from the turmoil of politics itself.


Strangers in the South Seas

Strangers in the South Seas
Author: Richard Lansdown
Publisher: University of Hawaii Press
Total Pages: 449
Release: 2006-04-30
Genre: Social Science
ISBN: 0824864484

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Long before Magellan entered the Pacific in 1521 Westerners entertained ideas of undiscovered oceans, mighty continents, and paradisal islands at the far ends of the earth. First set down by Egyptian storytellers, Greek philosophers, and Latin poets, such ideas would have a long life and a deep impact in both the Pacific and the West. With the discovery of Tahiti in 1767 another powerful myth was added to this collection: the noble savage. For the first time Westerners were confronted by a people who seemed happier than themselves. This revolution in the human sciences was accompanied by one in the natural sciences as the region revealed gaps and anomalies in the "great chain of being" that Charles Darwin would begin to address after his momentous visit to the Galapagos Islands. The Pacific produced similar challenges for nineteenth-century researchers on race and culture, and for those intent on exporting their religions to this immense quarter of the globe. Although most missionary efforts ultimately met with success, others ended in ignominious retreat. As the century wore on, the region presented opportunities and dilemmas for the imperial powers, leading to a guilty desire on the part of some to pull out, along with an equally guilty desire on the part of others to stay and help. This process was accelerated by the Pacific War between 1941 and 1945. After more than two millennia of fantasies, the story of the West’s fascination with the insular Pacific graduated to a marked sense of disillusion that is equally visible in the paintings of Gauguin and the journalism of the nuclear Pacific. Strangers in the South Seas recounts and illustrates this story using a wealth of primary texts. It includes generous excerpts from the work of explorers, soldiers, naturalists, anthropologists, artists, and writers--some famous, some obscure. It begins in 1521 with an account of Guam by Antonio Pigafetta (one of the few men to survive Magellan's circumnavigation voyage), and ends in the late 1980s with the writing of an American woman, Joana McIntyre Varawa, as she faces the personal and cultural insecurities of marriage and settlement in Fiji. It shows how "the Great South Sea" has been an irreplaceable "distant mirror" of the West and its intellectual obsessions since the Renaissance. Comprehensively illustrated and annotated, this anthology will introduce readers to a region central to the development of modern Western ideas. "This is a carefully conceived anthology covering an excellent range of subjects. The selections are well chosen and interesting, and the introductory materials are both scholarly and accessible. It should be widely used in university courses dealing with almost any aspect of the Pacific." —Rod Edmond, University of Kent at Canterbury