Professor Nicky March, principal investigator on the project, has picked out some examples from art and literature and explains what they tell us.The failure of the South Sea Company was the crisis that shaped our understanding of the dangers of speculative bubbles.
The financial boom of the 1820s provided investors with a dizzying range of new investments, especially those with an appetite for imperial adventures. The financial advice manuals that now did exist conservatively warned against these investments so new writers filled the gap. It was targeted chiefly at the settlers he hoped to lure to his utopia, but the book underpinned MacGregor's efforts to float a Poyais loan on the London market and he raised over £50,000 before the scam was exposed.Britain went mad for railway shares in the 1840s. In their Haworth parsonage, the Bronte sisters - Charlotte, Emily, and Anne - inherited shares in the York and North Midland Railway.Charlotte's letters reveal how the sisters navigated the market.
It predicted an apocalyptic crash of the stock market. His avid readers took his warnings at face value, and ended up creating the real world the financial panic of 2007 that the fiction had imagined - and Lawson pocketed the profit.At the opening of F. Scott Fitzgerald's The Great Gatsby , the narrator, Nicky Carraway, recalls buying"a dozen volumes on banking and credit and investment securities".
Tax havens create hell out of earth. And workers killing each other. The rich should extinct all working poor in this world!
Culture and economics don't mix. Just look at California, 2tr in debt yet high taxes, high unemployment and high homelessness. Why are you trying to establish yourself as lacking any credibility?
culture doesn't exist it's a further term of motherhood and nanny's state ..Awh nurture, not nichey
Some low IQ dopes think socialism works, culture is eroding.
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Source: The Guardian - 🏆 84. / 53 Read more »