The Moneymaker
Gleeson, Janet
Sold by Better World Books Ltd, Dunfermline, United Kingdom
AbeBooks Seller since 13 October 2008
Used - Hardcover
Condition: Used - Very good
Ships from United Kingdom to U.S.A.
Quantity: 1 available
Add to basketSold by Better World Books Ltd, Dunfermline, United Kingdom
AbeBooks Seller since 13 October 2008
Condition: Used - Very good
Quantity: 1 available
Add to basketFormer library copy. Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Includes library markings. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good.
Seller Inventory # 9422642-6
At the beginning of the eighteenth century a remarkable figure stepped onto the stage of world financial history. He was John Law, an Edinburgh Scot of striking appearance and charismatic personality with a mathematical gift amounting to genius, which he parlayed into a fortune from gambling on his travels around Europe. He had more than one motive for travel: he had eloped with another man's wife, and he had narrowly escaped execution after killing a man in a duel.
John Law arrived in Paris with an idea. If money were lent in the form of paper, properly backed by assets, then the same money could be lent several times over. Multiplied credit could be used to multiply opportunities for the making of money; finance capitalism could be born. In the teeth of opposition from powerful vested interests, Law won royal backing to set up the first French bank to issue paper currency. In addition he created a gigantic trading company whose assets would lie across the Atlantic Ocean and whose profits were to enrich shareholders beyond their wildest dreams. Their wealth was such that the word 'millionaire' was coined to describe them.
What followed was epic drama; fortunes were made and lost, paupers grew rich and lords fell into penury, a new philosophia fiscalis was born. The eighteenth-century innovations of John Law were to predict the credit economy we all take for granted today. In Janet Gleeson's enthralling tragi-comic story there are two great characters: John Law, with his complex personality and inscrutable motives; and money itself, which has has such a huge influence on history, and whose true nature to this day remains elusive.
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