The South Sea Bubble
In 1720, Britain experienced one of the first great financial disasters of the modern world. Promoted as a patriotic solution to national debt, the South Sea Company promised vast profits from overseas trade that barely existed. Share prices soared from just over £100 to more than £1,000, drawing in politicians, aristocrats, and ordinary citizens alike. When confidence collapsed, fortunes vanished almost overnight, leaving ruin, scandal, and public outrage in its wake. In this episode of Compact Disasters, we examine how speculation replaced substance, why Parliament itself was implicated…
The skinny
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