The Mississippi Bubble
|Title:||The Mississippi Bubble|
|Publisher:||Random House, Inc.|
|Tags:||economics, France, history, non-fiction, U.S.A.|
|Description:||“The Mississippi Bubble” was a wild, giddy, devastating, international episode in eighteenth century French and American history that ought to be better known, if, as nothing else, a cautionary tale. At its simplest, a Scottish fugitive named John Law convinced the rulers of France to let him use France as a laboratory for his economic theories, and one of his schemes was selling shares for a new colony in America, eventually centered around what was to become New Orleans. The sales pitches weren’t tethered to reality, especially as the scheme got more and more out of hand. Costain does a good job of following the twists and turns and tyrannical moves that were put in play to try to prop things up.|
Author Bio for Costain, Thomas B.:
Thomas Bertram Costain (May 8, 1885 – October 8, 1965) was a Canadian journalist who became a best-selling author of historical novels at the age of 57.Costain’s work is a mixture of commercial history (such as The White and The Gold, a history of New France to around 1720) and fiction that relies heavily on historic events (one review stated it was hard to tell where history leaves off and apocrypha begins). His most popular novel was The Black Rose (1945), centred in the time and actions of Bayan of the Baarin also known as Bayan of the Hundred Eyes. Costain noted in his foreword that he initially intended the book to be about Bayan and Edward I, but became caught up in the legend of Thomas a Becket’s parents: an English knight married to an Eastern girl. The book was a selection of the Literary Guild with a first printing of 650,000 copies and sold over two million copies in its first year.
His research led him to believe that Richard III was a great monarch tarred by conspiracies, after his death, with the murder of the princes in the tower. Costain supported his theories with documentation, suggesting that the real murderer was Henry VII.