Coverart for item
The Resource Money for nothing : the scientists, fraudsters, and corrupt politicians, who reinvented money, panicked a nation, and made the world rich, Thomas Levenson

Money for nothing : the scientists, fraudsters, and corrupt politicians, who reinvented money, panicked a nation, and made the world rich, Thomas Levenson

Label
Money for nothing : the scientists, fraudsters, and corrupt politicians, who reinvented money, panicked a nation, and made the world rich
Title
Money for nothing
Title remainder
the scientists, fraudsters, and corrupt politicians, who reinvented money, panicked a nation, and made the world rich
Statement of responsibility
Thomas Levenson
Creator
Author
Subject
Language
eng
Summary
"Money for Nothing chronicles the moment when the needs of war, discoveries of natural philosophy, and ambitions of investors collided. It's about how the Scientific Revolution intertwined with finance to set England--and the world--off in an entirely new direction. At the dawn of the eighteenth century, England was running out of money due to a prolonged war with France. Parliament tried raising additional funds by selling debt to its citizens, taking in money now with the promise of interest later. It was the first permanent national debt, but still they needed more. They turned to the stock market--a relatively new invention itself--where Isaac Newton's new mathematics of change of time, which he applied to the motions of the planets and the natural world, were fast being applied to the world of money. What kind of future returns could a person expect on an investment today? The Scientific Revolution could help. In the hub of London's stock market--Exchange Alley--the South Sea Company hatched a scheme to turn pieces of the national debt into shares of company stock, and over the spring of 1720 the plan worked brilliantly. Stock prices doubled, doubled again, and then doubled once more, getting everyone in London from tradespeople to the Prince of Wales involved in a money mania that consumed the people, press, and pocketbooks of the empire. Unlike science, though, with its tightly controlled experiments, the financial revolution was subject to trial and error on a grand scale, with dramatic, sometimes devastating consequences for people's lives. With England at war and in need of funds and "stock-jobbers" looking for any opportunity to get in on the action, this new world of finance had the potential to save the nation-- but only if it didn't bankrupt it first"--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Levenson, Thomas
Dewey number
330.942/07
Illustrations
illustrations
Index
index present
LC call number
HC254.5
LC item number
.L48 2020
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • England
  • Stock exchanges
  • Debts, Public
  • South Sea Bubble, Great Britain, 1720
Label
Money for nothing : the scientists, fraudsters, and corrupt politicians, who reinvented money, panicked a nation, and made the world rich, Thomas Levenson
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 349-433) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
on1183737332
Dimensions
25 cm
Edition
First edition.
Extent
xv, 453 pages
Isbn
9780812998467
Lccn
2020001521
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1183737332
Label
Money for nothing : the scientists, fraudsters, and corrupt politicians, who reinvented money, panicked a nation, and made the world rich, Thomas Levenson
Publication
Bibliography note
Includes bibliographical references (pages 349-433) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
on1183737332
Dimensions
25 cm
Edition
First edition.
Extent
xv, 453 pages
Isbn
9780812998467
Lccn
2020001521
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1183737332

Library Locations

    • Manchester-by-the-Sea Public LibraryBorrow it
      15 Union Street, Manchester, MA, 01944, US
      42.5749735 -70.77138570000001
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