By Charles MacKay
"Extraordinary well known Delusions and the insanity of Crowds" is a landmark learn of crowd psychology and mass mania and a unique casebook of human folly through the a long time. Chronicled listed below are bills of swindles, schemes, and scams on a grand scale. different chapters care for fads and delusions that experience sprung from rules, ideals, and factors that also have champions this day: the prophecies of Nostradamus, the arrival of comets and Judgment Day, the Rosicrucians, and astrology. The booklet additionally surveys arguable humans and pursuits of the previous: necromancy, Father Hell and Magnetism, Anthony Mesmer and Mesmerism, the Crusades, sorcery and the burning of witches, let alone the recognition of homicide via sluggish poisoning.
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Extra resources for Extraordinary Popular Delusions and the Madness of Crowds
Simon with all his influence. He represented the expedient as alike dishonest and ruinous. The Regent was of the same opinion, and this desperate remedy fell to the ground. The measures ultimately adopted, though they promised fair, only aggravated the evil. The first, and most dishonest measure, was of no advantage to the state. A recoinage was ordered, by which the currency was depreciated one-fifth; those who took a thousand pieces of gold or silver to the mint received back an amount of coin of the same nominal value, but only four-fifths of the weight of metal.
The Chamber of Justice, instituted chiefly for this purpose, was endowed with very extensive powers. It was composed of the presidents and councils of the parliament, the judges of the Courts of Aid and of Requests, and the officers of the Chamber of Account, under the general presidence of the minister of finance. Informers were encouraged to give evidence against the offenders by the promise of one-fifth part of the fines and confiscations. A tenth of all concealed effects belonging to the guilty was promised to such as should furnish the means of discovering them.
During this time, Law, the new Plutus, had become all at once the most important personage of the state. The ante-chambers of the Regent were forsaken by the courtiers. Peers, judges, and bishops thronged to the Hotel de Soissons; officers of the army and navy, ladies of title and fashion, and every one to whom hereditary rank or public employ gave a claim to precedence, were to be found waiting in his ante-chambers to beg for a portion of his India stock. Law was so pestered that he was unable to see one-tenth part of the applicants, and every manoeuvre that ingenuity could suggest was employed to gain access to him.