The book Oil Its Influence On Politics was written by author Francis Delaisi Here you can read free online of Oil Its Influence On Politics book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Oil Its Influence On Politics a good or bad book?
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As London bought back, the pound in turn depreciated, bringing in train a further collapse, crash succeeding crash. Royal Dutch fell from 72, 000 to 25, 000 francs. To meet their obligations the amateur speculators had to sell their French Government securities and their sound industrials. The fall extended gradually to ail sections of the market ; many millions were lost in the crash, and for weeks after- wards the Bourse was in a state of complete collapse. A distinct fall was noticed even in... period furniture, pictures and pearls. Meanwhile, the professional operators bought back for 25, 000 francs what they had sold to their fair friends for 72, 000. From their offices in London, Sir Marcus Samuel and his colleagues of the Anglo-Dutch trust watched the changing fortunes of this highly modern tourney with an amused interest. They saw with satisfaction that the aim which they had set themselves had been attained. Thanks to this frenzied speculation, thousands of shares in the Shell Transport, Royal Dutch, and Mexican Eagle it was surely by a providential chance upon these three that the gamble was mainly concentrated crossed the Channel.
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