Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich
Language: English
Published by Random House USA Inc, 2021
- Softcover
- Used
Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.World of Books (was SecondSale)
AbeBooks seller since December 20, 2007
Condition: Used - Good
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Add to basketItem description from seller
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.…
Seller Inventory # 00109077738
- Title
- Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich
- Author
- Thomas Levenson
- Publisher
- Random House USA Inc
- Publication year
- 2021
- Condition
- Good
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0812987969
- ISBN 13
- 9780812987966
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.
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World of Books (was SecondSale)
Montgomery, IL, U.S.A.
AbeBooks seller since December 20, 2007
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Founded in 2002, World of Books is a leading online destination for buying and selling both preloved and new books, committed to making sustainable reading accessible to all. With a mission to help people read more and waste less, World of Books offers a huge range of affordable, high-quality books — giving both new and preloved titles a second life. The company also operates World of Books – Sell Your Books, an easy-to-use platform that allows customers to trade in unwanted books for cash, helping to keep books in circulation while promoting sustainability. As a Certified B Corp, World of Books is driven by a vision to become the world’s largest and most sustainable dedicated online bookstore. The company measures its success through the positive environmental impact it creates, the value it provides to customers, and its ability to operate profitably while supporting its sustainable mission …
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