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Article: The Secret History of the South Sea Bubble. (History Lessons).(The Secret History of the South Sea Bubble: The World's First Great Financial Scandal)(Book Review)
- Article from:
- CMA Management
- Article date:
- June 1, 2003
CopyrightCOPYRIGHT 2003 Society of Management Accountants of Canada. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The greatest financial scandal in history wasn't the collapse of Enron or Worldcom. The Secret History of the South Sea Bubble: The world's first great financial scandal explains how this 18th century scandal was bigger than both combined. And it entangled royalty, politicians, the bourgeoisie, gamblers and con men. This book gives a fast-paced account of insider dealing, questionable accounting and bribery that threatened to overturn two monarchies and bring down parliament.
The South Sea Company was a share-dealing scam masterminded by an unscrupulous Englishman who saw a route to untold riches by selling shares in a valueless company. At its height, the ...