{"product_id":"the-king-the-crook-and-the-gambler-the-true-story-of-the-south-sea-bubble-and-the-greatest-financial-scandal-in-history-isbn-9780007161782","title":"The King, the Crook, and the Gambler: The True Story of the South Sea Bubble and the Greatest Financial Scandal in History","description":"\u003cp\u003e“Balen reminds us that the murky tale of the first bubble stands as a cautionary tale for our time.” —Lisa Jardine, London Times\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe greatest financial scandal in history was not the collapse of Enron or WorldCom, not a piece of insider trading from the 1980s, not a hedge fund leveraged to a trillion dollars or a crooked offshore account. It was bigger than all of them combined. So vast, in fact, that it threatened to bankrupt\u003c\/p\u003e\u003cp\u003ean entire nation’s wealth, transforming old monied families with centuries of affluence into the newly destitute.\u003c\/p\u003e\u003cp\u003e\tThe South Sea Bubble was a share scheme allowed to run crazily out of control. Modeled on the share trading that had just transformed the rival French economy, it was masterminded by an unscrupulous Englishman who saw a route to untold riches selling shares in a valueless company. The South Sea Company was supposed to establish a lucrative trade in silver and spices between England and the Americas. But there was a problem hidden from investors: for almost the entire duration of its sorry history the Company didn’t even own a boat. \u003c\/p\u003e\u003cp\u003e\tFor the first time Malcom Balen tells the dramatic full story of how the fraud was carried out and covered up. Although set in the mazy back alleys of the newly inaugurated financial districts of London and Paris of the 1720s it remains utterly a tale of our times.\u003c\/p\u003e | \u003cp\u003eAn unscrupulous Englishman had the notion for a company that would establish a lucrative trade in silver and spices between England and the Americas. What the investors didn't know was that the South Sea Company barely owned a ship. In this gripping account, Malcolm Balen reveals the true story of how a simple stock-share scheme became a Dickensian web of political and financial intrigue that threatened to overturn two monarchies and topple the British government. Set in the mazy back alleys of the newly inaugurated financial districts of 1720s London and Paris, \u003cem\u003eThe King, the Crook, and the Gambler\u003c\/em\u003e is a lively, fast-paced, and surprisingly epic history of how the South Sea Bubble escalated into a catastrophe that made the fortunes of few and the ruin of many -- and has proved the model for every financial bubble since.\u003c\/p\u003e | \u003cp\u003e“Balen displays both understanding and incredulity in his account of the infamous 18th century trading scandal…a remarkable story.” - \u003cb\u003e\u003ci\u003eKirkus Reviews\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Balen reminds us that the murky tale of the first bubble stands as a cautionary tale for our time.” - \u003cb\u003e\u003ci\u003eLisa Jardine, London Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Bristles with contemporary resonance...Balen has a felicitous turn of phrase and the pace never flags.” - \u003cb\u003e\u003ci\u003eFinancial Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“A great ripping yarn.” - \u003cb\u003e\u003ci\u003eChicago Tribune\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e“Brilliant.” - \u003cb\u003e\u003ci\u003eJohn Snow\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e","brand":"Harper Perennial","offers":[{"title":"Default Title","offer_id":44887604363493,"sku":"NP9780007161782","price":14.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780007161782.jpg?v=1730227054","url":"https:\/\/k12savings.com\/products\/the-king-the-crook-and-the-gambler-the-true-story-of-the-south-sea-bubble-and-the-greatest-financial-scandal-in-history-isbn-9780007161782","provider":"K12savings","version":"1.0","type":"link"}