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The ebook of the critically acclaimed popular history book: the story of the South Sea Bubble which in Balen’s hands becomes a morality tale for our times. A classic collision of political ambition, mercenary greed and financial revolution.The early years of the 18th-century produced two great monuments: one, Christopher Wren’s new cathedral of St Paul’s, an enduring testament to principled craft and masterful construction; the other, an empty fraud of such magnitude that its collapse threatened to overturn monarchies and governments. Its failure delayed the introduction of modern market economies by two generations. Yet the full scale of this monumental deceit was quietly covered up and hidden, its enduring legacy a poorly understood colloquialism: the South Sea Bubble.It was all planned by one ambitious promoter, who had decided to launch ‘a company for carrying on an undertaking of great advantage, but nobody to know what it is’. This eighteenth-century mission statement has now acquired an almost uncanny resonance: these words could aptly have been applied to the bursting of the internet bubble and the collapse of Enron. With the financial scandals that have beset global companies recently, such as Rank Xerox and Worldcom, this tale is all the more relevant today.Balen reveals the full story of corruption and scandal that attended the birth of the first shareholder economy, and with it uncovers a parable for our times.Note that it has not been possible to include the same picture content that appeared in the original print version.
Another moving and heart-warming tale set in Merseyside from the author of Twopence to Cross the Mersey.In the early years of this century, many Basques left their homeland in the Pyrenees, between France and Spain, to seek a better life in the New World. Most passed through the great port of Liverpool on their way. The family of little Manuel Echaniz stayed.The Liverpool Basque is the story of Manuel’s childhood and coming of age in the teeming streets of the Mersey docklands. It is a story of poverty, comradeship, hardship and generosity. Brought up by women while the men are at sea, Manuel grows up with a fierce pride in his heritage and a powerful will to survive in an era of deprivation and unemployment. Against all odds, he gets himself an education of sorts and sets off on the long voyage of his life.
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