6. Benefits and dangers of speculation. [Hadley, Economics, chap. 4.]
7. Manias and panics, modern and recent. [Bourne, Romance, chap. 11.]
8. Write a report on one of the following topics:
(a) The tulip mania. [Oxley, Romance of commerce, chap. 3.]
(b) The “Bubble” period in England, [Cunningham, Growth, vol. 2, sect. 218; Oxley, chap. 2; cf. Lecky, Hist. of England, and cf. Macaulay’s history of bubbles about the time of the founding of the Bank of England.]
(c) John Law and the Mississippi Bubble. [Oxley, chap. 1.]
(d) The Fugger family. [Paul Van Dyke, A captain of industry of the sixteenth century, Harper’s Magazine, June, 1910, 120: 276-284.]
BIBLIOGRAPHY
As the subjects of this chapter have been treated generally by specialists, and considered in their relation to modern economics rather than earlier history, the reading is scattered, and, for our purposes, unsatisfactory.
The chapter by Cunningham in the first volume of the Cambridge modern history covers in part the ground of this chapter. The important commercial crises are described in the histories of England, France, etc.