Humbugs Of Speculation

Humbugs of Speculation: A Satirical Poem (1840) is a humorous and satirical work written by an anonymous author who identifies themselves only as A Citizen of Saratoga Springs. The poem is a scathing critique of the rampant speculation and financial fraud that characterized the American economy in the early 19th century particularly in the years leading up to the Panic of 1837.Through witty and often biting verse the author skewers the various humbugs (i.e. frauds and hoaxes) that were perpetuated by unscrupulous speculators including land speculation schemes fraudulent banking practices and the manipulation of stock prices. The poem also takes aim at the greed and folly of those who fell for these schemes as well as the politicians and other figures who enabled them.Despite its humorous tone Humbugs of Speculation is a serious work that reflects the author's deep concern about the state of the American economy and the dangers of unchecked speculation. It is a valuable historical document that provides insight into the economic and social conditions of the era as well as the attitudes and beliefs of those who lived through it.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important we have made it available as part of our commitment for protecting preserving and promoting the world's literature in affordable high quality modern editions that are true to their original work.