The stock for this company rose from 1/2 in January of 1720 to 1,000 in August of that year, and caused many greedy British investors, including King George I and Isaac Newton, to lose fortunes.
The stock for this company rose from 1/2 in January of 1720 to 1,000 in August of that year, and caused many greedy British investors, including King George I and Isaac Newton, to lose fortunes. Formed in 1711, this company was granted a monopoly on trade in South America by the British. For ten points, name this company whose collapse led Parliament to pass the Bubble Act, forbidding the issuance of stock in Britain.
The stock for this company rose from 1/2 in January of 1720 to 1,000 in August of that year, and caused many greedy British investors, including King George I and Isaac Newton, to lose fortunes.
The {South Sea} Company