South Sea Bubble
South Sea Bubble
11 months ago
rmg.co.uk
The South Sea Bubble of 1720 remains one of history’s most potent warnings about the dangers of irrational exuberance and the fragility of financial systems. At its center was the South Sea Company, a British enterprise granted a monopoly on trade with South America. Despite the fact that Spain controlled the ports and actual trade was virtually non-existent, the company’s stock became the focal point of a national frenzy. Investors from every level of society—from servant-girls to the King hims
0:08
The South Sea Bubble of 1720 remains one of history’s most potent warnings about the dangers of irrational exuberance and the fragility of financial systems. At its center was the South Sea Company, a British enterprise granted a monopoly on trade with South America. Despite the fact that Spain controlled the ports and actual trade was virtually non-existent, the company’s stock became the focal point of a national frenzy. Investors from every level of society—from servant-girls to the King hims
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