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Extraordinary Popular Delusions, the Money Mania
The Mississippi Scheme, the South-Sea Bubble, & the Tulipomania
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Set against a backdrop of financial chaos in France, the narrative explores the impact of a corrupt monarchy and its officials on the nation's economy. With a staggering national debt of 3000 million livres and a meager surplus to cover interest payments, the story delves into the systemic corruption that has led the country to the brink of ruin. The stark contrast between revenue and expenses highlights the dire situation, emphasizing the urgent need for reform amidst widespread mismanagement.
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Extraordinary Popular Delusions, the Money Mania, Charles Mackay
- Language
- Released
- 2008
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Extraordinary Popular Delusions, the Money Mania
- Subtitle
- The Mississippi Scheme, the South-Sea Bubble, & the Tulipomania
- Language
- English
- Authors
- Charles Mackay
- Publisher
- Cosimo Classics
- Released
- 2008
- Format
- Paperback
- Pages
- 108
- ISBN13
- 9781605205472
- Category
- World history
- Description
- Set against a backdrop of financial chaos in France, the narrative explores the impact of a corrupt monarchy and its officials on the nation's economy. With a staggering national debt of 3000 million livres and a meager surplus to cover interest payments, the story delves into the systemic corruption that has led the country to the brink of ruin. The stark contrast between revenue and expenses highlights the dire situation, emphasizing the urgent need for reform amidst widespread mismanagement.