How Long to Read The Day the King Defaulted

How Long Does it Take to Read The Day the King Defaulted?

It takes the average reader 3 hours and 44 minutes to read The Day the King Defaulted by Moshe Arye Milevsky

Assuming a reading speed of 250 words per minute. Learn more

Description

This book studies King Charles II's decision to stop all payments from his royal exchequer, a sordid but little-known event in English history with eerie similarities to the cause of the Great Recession of 2008. As with any modern banking crisis, the financial system in 1672 almost collapsed, day-to-day commerce ground to a halt, houses were lost, and ordinary investors suffered—but there was no banking bailout, and no mercy for the goldsmith-bankers who had lent the king millions to fund his unsustainable lifestyle. The royal decision, made in the wake of plagues, fires, and war with the Dutch, left bankers unable to cover their own liabilities and, in the days before bankruptcy, they couldn’t walk away from their obligations and start fresh. Many bankers spent the end of their lives in debtors' prison, but English commoners had little sympathy for the plight of rich financiers—a sentiment echoed after the financial crisis of 2008. Ultimately, this book tells the complete story of the Merry Monarch's financial default (England's first and last) using the lens and language of modern financial products and markets. It covers the precarious history leading up to the infamous day in 1672, the intrigue surrounding the ‘stop’—including those who traded on inside information beforehand—and the attempt by distressed creditors to gain financial restitution.

How long is The Day the King Defaulted?

The Day the King Defaulted by Moshe Arye Milevsky is 218 pages long, and a total of 56,244 words.

This makes it 74% the length of the average book. It also has 69% more words than the average book.

How Long Does it Take to Read The Day the King Defaulted Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 7 minutes to read The Day the King Defaulted aloud.

What Reading Level is The Day the King Defaulted?

The Day the King Defaulted is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Day the King Defaulted?

The Day the King Defaulted by Moshe Arye Milevsky is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy The Day the King Defaulted by Moshe Arye Milevsky on Amazon click the button below.