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

Book Cover
Average Rating
Published
New York : Random House, [2020].
Format
Book
Edition
First edition.
ISBN
9780812998467, 0812998464
Physical Desc
xv, 453 pages : illustrations, maps ; 25 cm
Status
Adult (4th Floor) - Adult Nonfiction
330.942 Lev
1 available

Description

Loading Description...

Also in this Series

Checking series information...

Copies

LocationCall NumberStatus
Adult (4th Floor) - Adult Nonfiction330.942 LevAvailable

More Like This

Loading more titles like this title...

More Details

Published
New York : Random House, [2020].
Edition
First edition.
Language
English
ISBN
9780812998467, 0812998464
UPC
40030064413

Notes

Bibliography
Includes bibliographical references and index.
Description
"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"--,Provided by publisher.
Description
At the dawn of the eighteenth century, England was running out of money due to a prolonged war with France. They turned to the stock market-- a relatively new invention itself. 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. The financial revolution was subject to trial and error on a grand scale, with dramatic, sometimes devastating consequences for people's lives. Levenson chronicles the moment when the needs of war, discoveries of natural philosophy, and ambitions of investors collided. -- adapted from jacket

Reviews from GoodReads

Loading GoodReads Reviews.

Citations

APA Citation, 7th Edition (style guide)

Levenson, T. (2020). Money for nothing: the scientists, fraudsters, and corrupt politicians who reinvented money, panicked a nation, and made the world rich (First edition.). Random House.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Levenson, Thomas. 2020. Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich. Random House.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Levenson, Thomas. Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich Random House, 2020.

MLA Citation, 9th Edition (style guide)

Levenson, Thomas. Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich First edition., Random House, 2020.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

Staff View

Loading Staff View.