From the Gilded Age to the Roaring Twenties, from the railway mania of nineteenth-century America to the crash of 1929, from junk bonds and the Japanese bubble economy to day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.
Edward Chancellor studied history in Great Britain at both Cambridge and Oxford Universities. In the early 1990s he worked for the investment bank Lazard Brothers. He is a freelance journalist, and lives in London.
In an era of rampant speculation and questionable investor habits, it is a pleasure to read an insightful, well-focused analysis of the events that have dominated social and economic history since at least the second century B.C.E. Starting with the speculative frenzy that gripped ancient Rome, British business journalist Chancellor goes on to provide keen insight into a wide variety of events, including the emergence of stock exchanges from the great fairs of northern Europe, the tulip mania that gripped the Dutch Republic in the 1630s, the insanity of the Mississippi and South Sea bubbles, the robber barons and their impact during the Gilded Age, the events leading to the Crash of 1929, the Japanese bubble economy of the 1980s, the Mexican crisis of 1994, the Asian market crisis of 1997, and the speculative manias that have accompanied the emergence of new technologies, including railroads, the telegraph, automobiles, radio, and the Internet. A well-rounded presentation that should be included in all public and academic libraries.ÄNorman B. Hutcherson, Beale Memorial Lib., Bakersfield, CA Copyright 1999 Cahners Business Information.
"The subtle ways in which individual investors become drawn into crowd behavior is a much studied phenomenon, covered brilliantly... in the book Devil Take the Hindmost."--The Daily Telegraph (London) "The South Sea Company is one of the great bubble and crash stories. Many books have referred to it. One of the finest is Devil Take the Hindmost."--Debashis Basu, Money Life "Excellent."--City A.M. "[An] essential history of financial manias."--The Observer "A lively history of speculative manias and bubbles by a British banker turned writer."--Susan Adams, Forbes