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The Mississippi Bubble is a 1902 novel by American author Emerson Hough. It was Hough's first bestseller, and the fourth-best selling novel in the United States in 1902. [2] The historical novel revolves around the story of John Law (1671-1729) and the "Mississippi Bubble", an economic bubble of speculative investment in the French colony of ...
The Mississippi bubble coincided with the South Sea bubble in England, which allegedly took ideas from it. Law was a gambler who would win card games by mentally calculating odds . He propounded ideas such as the scarcity theory of value [ 5 ] and the real bills doctrine . [ 6 ]
Covered Wagon was his biggest best-selling novel since Mississippi Bubble in 1902. [28] North of 36, another Hough novel, later became a popular silent film as well, "making him one of the first Western authors to enter into the motion picture industry." [29] He is buried in Galesburg, Illinois. [30]
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Yale professor Robert Shiller correctly predicted the bubble in tech stocks at the turn of the millennium and the housing bubble in the middle part of the last decade, so he knows a little ...
[2] [3] It focuses on the early eighteenth century Scottish financier John Law and his efforts to establish the Mississippi Company in Paris which ultimately went bankrupt after a speculative bubble. [4] In 1871 Ainsworth wrote a serialised novel The South Sea Bubble focusing on the near-contemporary collapse of the British South Sea Bubble. [5]
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