LEADER 03278nam 2200637Ia 450 001 9910789911103321 005 20230801222405.0 010 $a1-280-57162-4 010 $a9786613601223 010 $a0-300-15317-1 024 7 $a10.12987/9780300153170 035 $a(CKB)2670000000176254 035 $a(EBL)3420806 035 $a(OCoLC)923597522 035 $a(SSID)ssj0000622975 035 $a(PQKBManifestationID)12263487 035 $a(PQKBTitleCode)TC0000622975 035 $a(PQKBWorkID)10643598 035 $a(PQKB)11553675 035 $a(MiAaPQ)EBC3420806 035 $a(DE-B1597)486487 035 $a(OCoLC)1024043542 035 $a(DE-B1597)9780300153170 035 $a(Au-PeEL)EBL3420806 035 $a(CaPaEBR)ebr10546765 035 $a(CaONFJC)MIL360122 035 $a(EXLCZ)992670000000176254 100 $a20110602d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aI am not master of events$b[electronic resource] $ethe speculations of John Law and Lord Londonderry in the Mississippi and South Sea bubbles /$fLarry Neal 210 $aNew Haven $cYale University Press$dc2012 215 $a1 online resource (229 p.) 225 1 $aYale series in economic and financial history 300 $aDescription based upon print version of record. 311 $a0-300-15316-3 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tContents -- $tPreface -- $tCast of Characters -- $t1. Storms in the Ca rib be an Sea and the Life of Lord Londonderry -- $t2. The War of the Spanish Succession and the Jacobite Rebellion -- $t3. The Diamond Deal -- $t4. Learning by Doing: Law and Londonderry Before the Bet -- $t5. The Bet of the Bubbles -- $t6. The Blowing and Bursting of Bubbles -- $t7. The Workout -- $t8. Family Problems -- $t9. Did the Speculations of Law and Londonderry Matter? -- $t10. Epilogue -- $tAppendix: Preliminary Cata logue of the Londonderry Papers -- $tNotes -- $tReferences -- $tIndex 330 $aTwo of the greatest financial fiascos of all time took place at the same time and were instigated by two acquaintances: the Mississippi Bubble, on which John Law at first made a vast fortune and gained sway over French finances; and the South Sea Bubble, launched by Law and Thomas Pitt, Jr., Lord Londonderry, his main partner in England. This book tells the story of these two financial schemes from the letters and accounts of two leading personalities. Larry Neal, a distinguished economic historian, highlights the rationality of each person and also finds that the primitive exchanges of the day, though informal and completely unregulated, actually performed reasonably well. 410 0$aYale series in economic and financial history. 606 $aBusiness cycles$xHistory$y18th century 606 $aFinancial crises$xHistory$y18th century 615 0$aBusiness cycles$xHistory 615 0$aFinancial crises$xHistory 676 $a338.5/42 700 $aNeal$b Larry$f1941-$0269366 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910789911103321 996 $aI am not master of events$93797422 997 $aUNINA