@Download Book ⚾ Extraordinary Popular Delusions and The Madness of Crowds, Volume 1 ⚽ eBook or E-pub free

Interesting read @Download Book ¾ Extraordinary Popular Delusions and The Madness of Crowds, Volume 1 ⚣ The Object Of The Author In The Following Pages Has Been To Collect The Most Remarkable Instances Of Those Moral Epidemics Which Have Been Excited, And To Show How Easily The Masses Have Been Led Astray Contents The Mississippi Scheme, The South Sea Bubble, The Tulipomania, The Alchemists, Modern Prophecies, Fortunetelling, The Magnetizers, Influence Of Politics And Religion On The Hair And Beard, The Crusaders, The Witch Mania, The Slow Poisoners, Haunted Houses, Popular Follies Of Great Cities, Popular Admiration Of Great Thieves, Duels And Ordeals, Relics Illustrated With Engravings Poorly organized, rambling, and a bad affected diction which suggests the author wishes he were writing a fantasy novel instead of a non fiction book. An interesting book that is made of many distinct segments I wish he d drawn a few general conclusions from the examples what does it take to set a popular delusion off, and what sustains it But the particular examples were mostly of interest in their own right though I ll admit I got bogged down once during the Crusades, and then again in the Witch Hunt. Volume I of Charles Mackay s epic work of pop psychology from the early 19th Century features most saliently economic bubbles and financial manias such as the South Sea Company bubble of 1711 1720, the Mississippi Company bubble of 1719 1720, and famously the Dutch tulip mania of the early seventeenth century According to Mackay, during this bubble, speculators from all walks of life bought and sold tulip bulbs and even futures contracts on them Allegedly, some tulip bulb varieties briefly became the most expensive objects in the world during 1637 Mackay s accounts are enlivened by colorful, comedic anecdotes, such as the Parisian hunchback who supposedly profited by renting out his hump as a writing desk during the height of the mania surrounding the Mississippi Company Two modern researchers, Peter Garber and Anne Goldgar, independently conclude that Mackay greatly exaggerated the scale and effects of the Tulip bubble, and Mike Dash, in his modern popular history of the alleged bubble, notes that he believes the importance and extent of the tulip mania were overstated But, I think Mackay s colorful is maybe fanciful telling has forever cast the shape of this frenzied footnote to Dutch history This compendium also feels very modern for scoffing at relic reverence and the chancey justice of Duels and Ordeals. I really enjoyed the economic chapters Mississippi scheme, South Sea Bubble and Tulipomania.It s funny to see that before bitcoin we had different bubbles to ruin ourselves Also, it s interesting to read about stock trading in it s early days, when it was resumed to people reunited in a plaza exchanging papers.The OP Mania story, although isn t a proper delusion of madness, is quite fun to read.However, I found some chapters uninteresting, like Modern profecies , Popular admiration for great thieves and the Thugs. It was a l o n g read but quite interesting from both a historical and psychological viewpoint overall I was surprised to discover it was written almost 2 centuries ago as the principles are still valid today with the IT bubble, cryptocurrency etc.