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Extraordinary Popular Delusions, the Money Mania

The Mississippi Scheme, the South-Sea Bubble, & the Tulipomania

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  • 108 páginas
  • 4 horas de lectura

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Set against the backdrop of a financially troubled France, the narrative explores the consequences of a lavish and corrupt monarchy that has deeply affected the nation’s economy. With a staggering national debt of 3000 million livres juxtaposed against a meager revenue of 145 million and minimal surplus, the story delves into the systemic corruption permeating all levels of government. The dire fiscal situation highlights the impending crisis and sets the stage for the unfolding drama of a nation on the brink of collapse.

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Extraordinary Popular Delusions, the Money Mania, Charles Mackay

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Publicado en
2008
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Subtítulo
The Mississippi Scheme, the South-Sea Bubble, & the Tulipomania
Idioma
Inglés
Publicado en
2008
Formato
Tapa dura
Páginas
108
ISBN13
9781605205489
Serie
Calificación
3,85 de 5
Descripción
Set against the backdrop of a financially troubled France, the narrative explores the consequences of a lavish and corrupt monarchy that has deeply affected the nation’s economy. With a staggering national debt of 3000 million livres juxtaposed against a meager revenue of 145 million and minimal surplus, the story delves into the systemic corruption permeating all levels of government. The dire fiscal situation highlights the impending crisis and sets the stage for the unfolding drama of a nation on the brink of collapse.