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2 - Fool's gold

from Part 1 - A dream of future wealth

Published online by Cambridge University Press:  05 June 2014

Robert Bittlestone
Affiliation:
Metapraxis Ltd
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Summary

In 1542, encouraged by the exploits of Jacques Cartier, the flamboyant and opportunistic Jean-Francois de La Roque, Sieur de Roberval, sailed from France under the sponsorship of King Francois I, bound for a rendezvous with the famous explorer. He met the homeward-bound Cartier in Newfoundland and continued upstream on the St. Lawrence River to Cap-Rouge near present-day Quebec City. Here, along with a motley crew composed largely of French convicts, he established a fledgling colony which he named ‘France Roy’, on the river which he dubbed ‘France-Prime’.

Roberval's forays upstream to the Lachine Rapids at Montreal and downstream to the land of the Saguenay were motivated more by tales of gold and diamonds than by geographical curiosity. But shipwrecks, winter cold, famine and disease quickly drove the would-be colonists back to France. After less than a year in Canada, de Roberval and his sickened, querulous crew sailed back to France on rescue ships provided by the King. Hopes for a new French kingdom faded, along with the value of de Roberval's ‘precious stones’, found to be worthless quartz and iron pyrites.

Great Canadian Rivers

The voyage of Christopher Columbus to the Americas in 1492 triggered European colonisation of the New World and spawned many subsequent embarkations, each of which carried its own financial demands. Can the hidden accounting code in Pacioli's great book of 1494 therefore help us to understand the financial consequences of a subsequent adventure, Roberval's voyage up the St Lawrence river of Canada, undertaken in 1542?

Type
Chapter
Information
Financial Management for Business
Cracking the Hidden Code
, pp. 13 - 19
Publisher: Cambridge University Press
Print publication year: 2010

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  • Fool's gold
  • Robert Bittlestone
  • Book: Financial Management for Business
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9780511778865.004
Available formats
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  • Fool's gold
  • Robert Bittlestone
  • Book: Financial Management for Business
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9780511778865.004
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Fool's gold
  • Robert Bittlestone
  • Book: Financial Management for Business
  • Online publication: 05 June 2014
  • Chapter DOI: https://doi.org/10.1017/CBO9780511778865.004
Available formats
×