Millionaire

The Philanderer, Gambler, and Duelist Who Invented Modern Finance

Business & Finance, Finance & Investing, Finance, Nonfiction, History, Modern
Cover of the book Millionaire by Janet Gleeson, Simon & Schuster
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Janet Gleeson ISBN: 9780743211895
Publisher: Simon & Schuster Publication: February 21, 2001
Imprint: Simon & Schuster Language: English
Author: Janet Gleeson
ISBN: 9780743211895
Publisher: Simon & Schuster
Publication: February 21, 2001
Imprint: Simon & Schuster
Language: English

On the death of France's most glorious king, Louis XIV, in 1715, few people benefited from the shift in power more than the intriguing financial genius from Edinburgh, John Law. Already notorious for killing a man in a duel and for acquiring a huge fortune from gambling, Law had proposed to the English monarch that a bank be established to issue paper money with the credit based on the value of land. But Queen Anne was not about to take advice from a gambler and felon. So, in exile in Paris, he convinced the bankrupt court of Louis XV of the value of his idea.
Law soon engineered the revival of the French economy and found himself one of the most powerful men in Europe. In August 1717, he founded the Mississippi Company, and the Court granted him the right to trade in France's vast territory in America. The shareholders in his new trading company made such enormous profits that the term "millionaire" was coined to describe them. Paris was soon in a frenzy of speculation, conspiracies, and insatiable consumption. Before this first boom-and-bust cycle was complete, markets throughout Europe crashed, the mob began calling for Law's head, and his visionary ideas about what money could do were abandoned and forgotten.
In Millionaire, Janet Gleeson lucidly reconstructs this epic drama where fortunes were made and lost, paupers grew rich, and lords fell into penury -- and a modern fiscal philosophy was born. Her enthralling tragicomic tale reveals two great characters: John Law, with his complex personality and inscrutable motives, and money itself, whose true nature even to this day remains elusive.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

On the death of France's most glorious king, Louis XIV, in 1715, few people benefited from the shift in power more than the intriguing financial genius from Edinburgh, John Law. Already notorious for killing a man in a duel and for acquiring a huge fortune from gambling, Law had proposed to the English monarch that a bank be established to issue paper money with the credit based on the value of land. But Queen Anne was not about to take advice from a gambler and felon. So, in exile in Paris, he convinced the bankrupt court of Louis XV of the value of his idea.
Law soon engineered the revival of the French economy and found himself one of the most powerful men in Europe. In August 1717, he founded the Mississippi Company, and the Court granted him the right to trade in France's vast territory in America. The shareholders in his new trading company made such enormous profits that the term "millionaire" was coined to describe them. Paris was soon in a frenzy of speculation, conspiracies, and insatiable consumption. Before this first boom-and-bust cycle was complete, markets throughout Europe crashed, the mob began calling for Law's head, and his visionary ideas about what money could do were abandoned and forgotten.
In Millionaire, Janet Gleeson lucidly reconstructs this epic drama where fortunes were made and lost, paupers grew rich, and lords fell into penury -- and a modern fiscal philosophy was born. Her enthralling tragicomic tale reveals two great characters: John Law, with his complex personality and inscrutable motives, and money itself, whose true nature even to this day remains elusive.

More books from Simon & Schuster

Cover of the book How Not to Fall in Love, Actually by Janet Gleeson
Cover of the book Getaway by Janet Gleeson
Cover of the book Say No to the Bro by Janet Gleeson
Cover of the book Inside American Education by Janet Gleeson
Cover of the book 1999: Victory Without War by Janet Gleeson
Cover of the book The Hanged Man Rises by Janet Gleeson
Cover of the book White Wedding by Janet Gleeson
Cover of the book The McDavid Effect by Janet Gleeson
Cover of the book Making Money Made Simple by Janet Gleeson
Cover of the book Ali by Janet Gleeson
Cover of the book The Blessing Cup by Janet Gleeson
Cover of the book Rosco vs. the Baby by Janet Gleeson
Cover of the book Duel in the Sun by Janet Gleeson
Cover of the book Fly Girls by Janet Gleeson
Cover of the book The Clash of Civilizations and the Remaking of World Order by Janet Gleeson
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy