LEADER 04188nam 2200733 450 001 9910458586803321 005 20200520144314.0 010 $a0-691-17094-0 010 $a1-4008-5164-5 024 7 $a10.1515/9781400851645 035 $a(CKB)1000000000381056 035 $a(EBL)1651878 035 $a(OCoLC)875819049 035 $a(SSID)ssj0001179995 035 $a(PQKBManifestationID)12508479 035 $a(PQKBTitleCode)TC0001179995 035 $a(PQKBWorkID)11185863 035 $a(PQKB)11784700 035 $a(MiAaPQ)EBC1651878 035 $a(OCoLC)878078547 035 $a(MdBmJHUP)muse43274 035 $a(DE-B1597)453659 035 $a(OCoLC)979881937 035 $a(DE-B1597)9781400851645 035 $a(Au-PeEL)EBL1651878 035 $a(CaPaEBR)ebr10853266 035 $a(CaONFJC)MIL586055 035 $a(EXLCZ)991000000000381056 100 $a20140412h20042004 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe first crash $elessons from the South sea bubble /$fRichard Dale 205 $aCore Textbook 210 1$aPrinceton, New Jersey ;$aOxfordshire, England :$cPrinceton University Press,$d2004. 210 4$dİ2004 215 $a1 online resource (211 p.) 300 $aDescription based upon print version of record. 311 $a1-306-54804-7 311 $a0-691-11971-6 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tContents --$tAcknowledgements --$tIntroduction --$tChapter One. Coffee Houses, The Press and Misinformation --$tChapter Two. Exchange Alley and the Evolution of London's Securities Market --$tChapter Three. Origins of the South Sea Company --$tChapter Four. John Law and the Mississippi Bubble --$tChapter Five. The South Sea Scheme --$tChapter Six. The Bubble --$tChapter Seven. The Crash --$tChapter Eight. Crisis Resolution --$tChapter Nine. Lessons from the South Sea Bubble --$tChapter Ten. Conclusion --$tGlossary --$tBibliography --$tIndex 330 $aFor 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 1980's/90's, and the international dot.com boom of the 1990's. 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. 606 $aSouth Sea Bubble, Great Britain, 1720 606 $aFinancial crises$zGreat Britain$xHistory$y18th century 606 $aCapital market$zGreat Britain$xHistory$y18th century 606 $aStocks$xPrices$zGreat Britain$xHistory$y18th century 608 $aElectronic books. 615 0$aSouth Sea Bubble, Great Britain, 1720. 615 0$aFinancial crises$xHistory 615 0$aCapital market$xHistory 615 0$aStocks$xPrices$xHistory 676 $a332.63/228 686 $aNW 4100$2rvk 700 $aDale$b Richard$0373812 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910458586803321 996 $aThe first crash$92474989 997 $aUNINA