"Memoirs of Extraordinary Popular Delusions — Volume 1" by Charles Mackay is a historical exploration of the strange ways crowds can act, especially when it comes to money. The book tells about times in history when whole groups of people seemed to lose their minds over financial ideas. It starts by explaining how one man, John Law, tricked a country with his big financial plans, known as the Mississippi Scheme. At first, people loved Law and thought he was a genius. But soon, everyone got too excited about making money. They stopped thinking straight, and it all fell apart. The story shows how Law went from being famous to being blamed for all the problems. It’s a lesson about how greed can make people do silly things and how a whole society can go crazy together.
Memoirs of Extraordinary Popular Delusions — Volume 1
By Charles Mackay
Witness how one man's financial wizardry turns into a nation's nightmare as greed and mass hysteria lead to economic ruin.
Summary
About the AuthorCharles Mackay, McKay, or MacKay may refer to:Charles Mackay (author) (1814–1889), Scottish poet, journalist, author, anthologist, novelist, and songwriter
Charles McKay (1855–1883), American naturalist and explorer
Charles Mackay (mayor) (1875–1929), New Zealand lawyer, local politician, and Mayor of Wanganui
Charlie MacKay (1880–1953), Australian rules footballer and physician
Charles Reay Mackay, Australian immunologist, fellow of the Australian Academy of Science
Charles R. MacKay, pseudonym for William Harral Johnson and William Stewart Ross used on Life of Charles Bradlaugh, M.P. (1888), a libelous attack on Charles Bradlaugh
Charles MacKay, American arts administrator
Charles Mackay, McKay, or MacKay may refer to:Charles Mackay (author) (1814–1889), Scottish poet, journalist, author, anthologist, novelist, and songwriter Charles McKay (1855–1883), American naturalist and explorer Charles Mackay (mayor) (1875–1929), New Zealand lawyer, local politician, and Mayor of Wanganui Charlie MacKay (1880–1953), Australian rules footballer and physician Charles Reay Mackay, Australian immunologist, fellow of the Australian Academy of Science Charles R. MacKay, pseudonym for William Harral Johnson and William Stewart Ross used on Life of Charles Bradlaugh, M.P. (1888), a libelous attack on Charles Bradlaugh Charles MacKay, American arts administrator
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