The share price hit one thousand pounds - and insiders cashed out before it fell
In 1720, a South Sea Company share hit £1,000, but its directors knew it was worthless. They built a financial machine aimed at an entire nation's savings.
The share price hit one thousand pounds - and insiders cashed out before it fell
This episode explores the South Sea Company, a scheme that saw its share price soar to unprecedented heights before a dramatic collapse. It reveals how a group of men engineered a financial crisis that even the sharpest minds of the era, like Isaac Newton, couldn't foresee.
Person: Isaac Newton
Date: August 1720
Location: England
Event: South Sea Bubble…
The skinny
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