03275nam 2200649Ia 450 991082798160332120240418004810.01-280-57162-497866136012230-300-15317-110.12987/9780300153170(CKB)2670000000176254(EBL)3420806(OCoLC)923597522(SSID)ssj0000622975(PQKBManifestationID)12263487(PQKBTitleCode)TC0000622975(PQKBWorkID)10643598(PQKB)11553675(MiAaPQ)EBC3420806(DE-B1597)486487(OCoLC)1024043542(DE-B1597)9780300153170(Au-PeEL)EBL3420806(CaPaEBR)ebr10546765(CaONFJC)MIL360122(EXLCZ)99267000000017625420110602d2012 uy 0engur|n|---|||||txtccrI am not master of events the speculations of John Law and Lord Londonderry in the Mississippi and South Sea bubbles /Larry Neal1st ed.New Haven Yale University Pressc20121 online resource (229 p.)Yale series in economic and financial historyDescription based upon print version of record.0-300-15316-3 Includes bibliographical references and index.Frontmatter -- Contents -- Preface -- Cast of Characters -- 1. Storms in the Ca rib be an Sea and the Life of Lord Londonderry -- 2. The War of the Spanish Succession and the Jacobite Rebellion -- 3. The Diamond Deal -- 4. Learning by Doing: Law and Londonderry Before the Bet -- 5. The Bet of the Bubbles -- 6. The Blowing and Bursting of Bubbles -- 7. The Workout -- 8. Family Problems -- 9. Did the Speculations of Law and Londonderry Matter? -- 10. Epilogue -- Appendix: Preliminary Cata logue of the Londonderry Papers -- Notes -- References -- IndexTwo of the greatest financial fiascos of all time took place at the same time and were instigated by two acquaintances: the Mississippi Bubble, on which John Law at first made a vast fortune and gained sway over French finances; and the South Sea Bubble, launched by Law and Thomas Pitt, Jr., Lord Londonderry, his main partner in England. This book tells the story of these two financial schemes from the letters and accounts of two leading personalities. Larry Neal, a distinguished economic historian, highlights the rationality of each person and also finds that the primitive exchanges of the day, though informal and completely unregulated, actually performed reasonably well. Yale series in economic and financial history.Business cyclesHistory18th centuryFinancial crisesHistory18th centuryBusiness cyclesHistoryFinancial crisesHistory338.5/42Neal Larry1941-269366MiAaPQMiAaPQMiAaPQBOOK9910827981603321I am not master of events3930509UNINA