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The land boomers
Book • 1966
Michael Cannon's "The Land Boomers" explores the speculative frenzy that gripped Melbourne, Australia, in the 1880s, driven by easy credit and optimistic beliefs about ever-increasing land values.
The book examines the role of building societies, which fueled the boom by providing mortgages to a large number of people.
It also delves into the widespread conviction that investing in land was a guaranteed path to wealth.
Cannon vividly describes the key figures and events of the era, exposing the unsustainable practices that led to the devastating bust in 1891.
The book is a compelling historical analysis of the dangers of speculative bubbles and their lasting impact on a city's economy and society.
The book examines the role of building societies, which fueled the boom by providing mortgages to a large number of people.
It also delves into the widespread conviction that investing in land was a guaranteed path to wealth.
Cannon vividly describes the key figures and events of the era, exposing the unsustainable practices that led to the devastating bust in 1891.
The book is a compelling historical analysis of the dangers of speculative bubbles and their lasting impact on a city's economy and society.
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