This 18th century crisis occurred after rampant speculation in the interests of the namesake company which was originally founded to trade with South America, but which agreed to take over 3/5 of the English national debt.
This 18th century crisis occurred after rampant speculation in the interests of the namesake company which was originally founded to trade with South America, but which agreed to take over 3/5 of the English national debt. When confidence in the company collapsed, thousands of investors were ruined.
This 18th century crisis occurred after rampant speculation in the interests of the namesake company which was originally founded to trade with South America, but which agreed to take over 3/5 of the English national debt.
South Sea Bubble