Devil take the hindmost : a history of financial speculation

Chancellor, Edward, 1962-2000

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Summary

Focusing on speculation as it developed in the world's leading stock markets, this volume starts with the tulipomania in 17th century Holland, then moves to Britain with accounts of famous speculative manias and to America and Japan.This is a history of financial speculation. From the 17th-century the beginning of the 21st century, Edward Chancellor takes the reader through accounts of the tulipomania of Holland - when tulip bulbs changed hands for the price of houses - through well-known British speculative manias, such as the South Sea Bubble and Railway Mania of Victorian times, and concludes that contemporary speculative mania is remarkably similar. This is a comprehensive book on the subject which should be of interest to investors, economists and anyone who wishes to acquire an understanding of the modern economic system, as well as mainstream historians.