Extraordinary Popular DelusionsCourier Corporation, 3 mag 2012 - 112 pagine This classic survey of crowd psychology offers an illuminating and entertaining look at three grand-scale swindles. Originally published in England in 1841, its remarkable tales of human folly reveal that the hysteria of the Wall Street Crash of 1929 and the junk-bonds frenzy of the 1980s were far from uniquely twentieth-century phenomena. The first of the financial scandals discussed, "The Mississippi Scheme," concerns a disastrous eighteenth-century plan for the commercial exploitation of the Mississippi valley, where investors were lured by Louisiana's repute as a region of gold and silver mountains. During the same era, thousands of English investors were ruined by "The South-Sea Bubble," a stock exchange based on British trade with the islands of the South Seas and South America. The third episode involves Holland's seventeenth-century "Tulipomania," when people went into debt collecting tulip bulbs — until a sudden depreciation in the bulbs' value rendered them worthless (except as flowers). Fired by greed and fed by naiveté, these historic investment strategies gone awry retain an irrefutable relevance for modern times. Extraordinary Popular Delusions is essential and enthralling reading for investors as well as students of history, psychology, and human nature. |
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Extraordinary Popular Delusions and the Madness of Crowds (Complete Edition ... Charles Mackay Anteprima limitata - 2023 |
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Abbé afterwards Aislabie alarm Alley amount Bank of England became bill billets d'état Britain brought bubble Capital carriage carrying cent coin council court crowd D'Horn d’Horn debt delusion Duchess Duke Duke of Orleans Earl Earl Stanhope edict Edward Gibbon evil Exchange Alley extravagant favour five hundred livres florins fortune France gold guilty Holland Hôtel de Soissons hundred thousand infatuation jobbers John Law justice Knight lady land latter Law's London Marshal Villars ment merchants millions of livres nation notes ordered Orleans Palais Royal paper Paris parliament passed perits persons Petition Place Vendôme praying Prince proceeded profits proposed punishment purchase received refused regent rich royal ruin scheme seized sell sent shares silver Sir John Blunt South-Sea company South-Sea directors specie speculated Stanhope sterling stock fell stockjobber subscribed subscription thousand livres thousand pounds tion took trade tulipomania tulips Walpole whole