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Home > Biography > Business > Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance-eBook
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Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance
Three centuries ago, in an age when one man's vision and energy could change the world, John Law's would spark the first "boom and bust".

A Scot of striking appearance and magnetic personality, Law had an uncommon mathematical gift which he parlayed into a fortune from gambling. Escaping prison after killing a man in a duel, he arrived in Paris and turned his attention to finance. His idea was simple: if money were lent in the form of paper properly backed by assets, rather than in the traditional form of gold and silver coin, then the same money could be lent many times over. Law won royal backing to set up the first French bank to issue paper currency and established the most powerful conglomerate the world had ever seen.

So successful were Law's experiments that a new word was coined to describe the shareholders in his company: millionaire. What followed was epic drama: fortunes were made and lost, paupers grew rich, and lords fell to poverty. When the chaos finally abated, the man once feted throughout Europe and elevated to celebrity status in the world's most powerful nation had become an outcast.

With all the drama of The Professor and the Madman, Millionaire is a fascinating narrative about a crucial event in world financial history that holds uncanny relevance in our credit-based, investment-mad times.

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Title of ebook: Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance
ISBN: 9780743211895
Publisher: Simon & Schuster
Internet download file size: 304 kb
Pages: 304
Released online for download: 09-01-2000
Author of eBook: Gleeson, Janet


Contents

Introduction 1 A Man Apart 2 Gilded Youth 3 London 4 The Duel 5 Escape 6 The Exile 7 The Root of All Evil 8 The Bank 9 King of Half America 10 Finding the Philosopher's Stone 11 The First Millionaire 12 Mississippi Madness 13 Descent 14 The Storms of Fate 15 Reprieve 16 The Whirligig of Time 17 The Prodigal's Return 18 Venetian Sunset Epilogue Acknowledgments Sources Bibliography Index


Introduction


Within the last twenty years commerce has been better understood in France than it had ever before been, from the reign of Pharamond to that of Louis XIV. Before this period it was a secret art, a kind of chemistry in the hands of three or four persons, who actually made gold, but without communicating the secret by which they had been enriched ... read full excerpt from Millionaire: The Philanderer, Gambler, and Duelist Who Invented Modern Finance ebook

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