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The South Sea Bubble in Satire and Farce: After the crash, the public could choose among ballads, songs, farces, poems, broadsides, pamphlets, satirical prints, and even playing cards that offered ...
When you couple this with margin purchases of South Sea Company stock on as little as 10%, you being to see the problem. Add on bribery and corruption and the entire scheme was doomed to failure.
April 5 (Bloomberg) -- The bubble of 1720 precipitatedEngland’s first stock-market crash. In August of that year,shares in the South Sea Company reached a peak of 1,000 poundsand dropped to 150 ...
The South Sea Bubble of 1720 arose out of an innovation in finance. Is blockchain heading down the same path, asks John Stepek.
In the aftermath of the South Sea Bubble of 1720, contemporaries reached a firm but controversial conclusion: keep women out. The South Sea Bubble was one of Britain’s first stock market manias.
Back in Business From 1720 to Tesla, FOMO Never Sleeps The South Sea bubble is the classic story of an investing mania. Are investors today any wiser?
Snap, crackle and pop goes the weaselBack in 1720 the English House of Lords passed the South Sea Act and created the South Sea Company. claimed to have a monopoly agreement with South America and ...
The first great financial bubble can be traced back to 1720, when England's South Sea Company decided to expand its activities by issuing new shares and buying up government debt. The company's ...