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Extraordinary Popular Delusions, the Money Mania

The Mississippi Scheme, the South-Sea Bubble, & the Tulipomania

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108pages
Temps de lecture
4heures

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Set against the backdrop of a financially troubled France, the narrative explores the consequences of a lavish and corrupt monarchy that has deeply affected the nation’s economy. With a staggering national debt of 3000 million livres juxtaposed against a meager revenue of 145 million and minimal surplus, the story delves into the systemic corruption permeating all levels of government. The dire fiscal situation highlights the impending crisis and sets the stage for the unfolding drama of a nation on the brink of collapse.

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Extraordinary Popular Delusions, the Money Mania, Charles Mackay

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Année de publication
2008
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