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Emerson Hough

The Mississippi Bubble (Cortero Pantheon Edition)

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In 1716 France was broke. A series of wars waged by Louis XIV had left the economy in ruins, the king in debt, and the government coffers empty. France did not even have enough gold to produce new coins. Into this breech stepped John Law, a brilliant Scottish economist, and a man on the run from British justice. He knew that France could never recover if it continued to base it's money on precious metals that the government actually owned. So, he set up a bank and obtained the right to issue paper money-pieces of paper that stood for value, but had no intrinsic worth of its own. Next, he bou… Mehr

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Produktdetails


  • ISBN: 978-1-934757-88-8
  • EAN: 9781934757888
  • Produktnummer: 5201747
  • Verlag: Cortero Publishing
  • Sprache: Englisch
  • Erscheinungsjahr: 2009
  • Seitenangabe: 304 S.
  • Masse: H22.9 cm x B15.2 cm x D1.7 cm 470 g
  • Abbildungen: Paperback
  • Gewicht: 470

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