Boom, Bust, and Beyond: New Perspectives on the 1720 Stock Market Bubble

Book

Boom, Bust, and Beyond

New Perspectives on the 1720 Stock Market Bubble

Edited by: Stefano Condorelli and Daniel Menning

Language: English

Published/Copyright: 2019

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About this book

Few financial crises, historically speaking, have attracted such attention as the Mississippi and South Sea Bubbles of 1719–20. The twin bubbles had major economic and political implications, sending shock waves through the whole of Europe; they astonished contemporaries, and, to a large extent, they still resonate today. This volume offers new readings of these events, drawing on fresh research and new evidence that challenge traditional interpretations. The chapters engage, in particular, with:

the geographical frame of the 1719-20 bubbles

their social, cultural, economic and political impact

the ways in which contemporaries understood speculation

the contributions and impact of a diverse array of participants

popular and print memorialization of the events

Overall, the volume helps to rewrite the history of the 1719–20 bubbles and to recontextualize their place within eighteenth-century history.

Author / Editor information

Daniel Menning, Eberhard-Karls Universität Tübingen.

Reviews

"It is something which anyone working on the Bubble Year should read and, for the most part, will enjoy." Helen Paul in: GHIL Bulletin, XLII/2 (2020), 63-67.

"Although there is still plenty we need to learn about the Financial Revolution, the 1720 bubbles, and their respective global contexts, Boom, Bust, and Beyond goes a long way towards enriching our understanding of early modern global financial capitalism." Carl Wennerlind in: H-Soz-Kult, 07.09.2021, www.hsozkult.de/publicationreview/id/reb-29757 (07.09.2021).

Topics

Frontmatter Publicly Available Download PDF	I
Acknowledgements Publicly Available Download PDF	V
Table of Contents Publicly Available Download PDF	VII
Boom, Bust and Beyond – An Introduction Stefano Condorelli and Daniel Menning Requires Authentication Unlicensed Licensed	1
I. Broadening the Geographical Frame
The Rise and Fall of a New Credit System. Transnational Financial Experiments and Domestic Power Struggles in Sweden, 1710–1720 Peter Ericsson and Patrik Winton Requires Authentication Unlicensed Licensed	23
Chartering Companies. A Dialogue about the Timeline and the Actors of the Pan-European 1720 Stock Euphoria Stefano Condorelli and Daniel Menning Requires Authentication Unlicensed Licensed	45
Linen and Lotteries: The Anatomy of an English Bubble Company in Germany Eve Rosenhaft Requires Authentication Unlicensed Licensed	67
The Mississippi Bubble in Saint-Domingue (Haiti) Malick W. Ghachem Requires Authentication Unlicensed Licensed	95
II. Engaging with Traditional Narratives
When First We Practice to Deceive: An Alternative Account of the South Sea Bubble Richard A. Kleer Requires Authentication Unlicensed Licensed	119
The Bubble and the Bail-Out: The South Sea Company, Jacobitism, and Public Credit in Early Hanoverian Britain Abigail Swingen Requires Authentication Unlicensed Licensed	139
The Economic Effect of the South Sea Bubble on the Baltic Sea Trade Daniel Menning Requires Authentication Unlicensed Licensed	161
The Long Shadow of the South Sea Bubble: Memory, Financial Crisis, and the Charitable Corporation Scandal of 1732 Amy M. Froide Requires Authentication Unlicensed Licensed	179
III. Understanding Speculation – Micro to Macro
“L’on entend tant dire pour et contre, que le plus habile doit agir au pure hasard.” A Case Study on one Investor’s Decision-making in the Mississippi Bubble Marlene Kessler Requires Authentication Unlicensed Licensed	201
Order from Chaos Springs: The Bubbles of 1720 as a Turning Point in Western Conceptualizations of Causality and Order Dror Wahrman Requires Authentication Unlicensed Licensed	235
“We have been ruined by Whores”: Perceptions of Female Involvement in the South Sea Scheme Anne L. Murphy Requires Authentication Unlicensed Licensed	261
To Think the Unthinkable. Early Financial Theories (Late 17th–18th Century) Jean-Yves Grenier Requires Authentication Unlicensed Licensed	285
From Bubble to Speculation – Eighteenth-Century Readings of the 1720s Christine Zabel Requires Authentication Unlicensed Licensed	303
Selected Bibliography Daniel Menning Requires Authentication Unlicensed Licensed	333
Index Requires Authentication Unlicensed Licensed	347

Publishing information

Pages and Images/Illustrations in book

eBook published on:

September 2, 2019

eBook ISBN:

9783110592139

Hardcover published on:

September 2, 2019

Hardcover ISBN:

9783110590562

Pages and Images/Illustrations in book

Front matter:

8

Main content:

355

Illustrations:

18

Coloured Illustrations:

4

https://doi.org/10.1515/9783110592139

eBook ISBN: 9783110592139

Hardcover ISBN: 9783110590562

Audience(s) for this book

Academics in the field of economic history, early modern history, and social history.

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Manufacturer information:
Walter de Gruyter GmbH
Genthiner Straße 13
10785 Berlin
productsafety@degruyterbrill.com

Boom, Bust, and Beyond

Overview

About this book

Author / Editor information

Reviews

Topics

Table of contents

Bibliographic data