Devil Take the Hindmost: A History of Financial Speculation

Devil Take the Hindmost: A History of Financial Speculation

A lively, original, and challenging history of stock market speculation from the 17th century to present day.

Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? How has the psychology of investing changedâ€”and not changedâ€”over the last five hundred years?

In Devil Take the Hindmost, Edward ChancellorÂ traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, toÂ â€œstockjobbingâ€Â in London's Exchange Alley, to the infamous South Sea Bubble of 1720, which prompted Sir Isaac Newton to comment, â€œI can calculate the motion of heavenly bodies, but not the madness of people.â€

Here are brokers underwriting risks that included highway robbery and the â€œassurance of female chastityâ€; credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton.

From the Gilded Age to the Roaring Twenties, from the nineteenth century railway mania to the crash of 1929, from junk bonds and the Japanese bubble economy to the day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.
Country USA
Brand Plume
Manufacturer Plume
Binding Paperback
ItemPartNumber 7508600
Color Multicolor
ReleaseDate 2000-06-01
UnitCount 1
EANs 9780452281806

Country	USA
Brand	Plume
Manufacturer	Plume
Binding	Paperback
ItemPartNumber	7508600
Color	Multicolor
ReleaseDate	2000-06-01
UnitCount	1
EANs	9780452281806

Devil Take the Hindmost: A History of Financial Speculation

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