Money for Nothing
Money for Nothing: The South Sea Bubble and the Invention of Modern Capitalism
by Thomas Levenson
English | 2020 | ISBN: 1784973947 | 451 Pages | EPUB | 33 MB
by Thomas Levenson
English | 2020 | ISBN: 1784973947 | 451 Pages | EPUB | 33 MB
The South Sea Company was formed to trade with Asian and Latin American countries. But it had almost no ships and did precious little trade. Instead it got into financial fraud on a massive scale, taking over the government's debt and promising to pay the state out of the money received from the shares it sold.