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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 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

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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 blanda
Páginas
108
ISBN13
9781605205472
Serie
Calificación
3,85 de 5
Descripción
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.