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The South Sea Bubble

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LouisFerdinand View Drop Down

Joined: 01 Aug 2015
Location: United States
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Post Options Post Options   Thanks (0) Thanks(0)   Quote LouisFerdinand Quote  Post ReplyReply Direct Link To This Post Topic: The South Sea Bubble
    Posted: 06 Aug 2015 at 11:16
The South Sea Company was formed in 1711 to trade with South America, primarily in slaves.     
When King George I of England became a governor of the company, stock sold very fast and was paying 100 per cent interest.       
There was a tremendous boom in shares.    
King George invested 60,000 pounds of civil list funds.     
The collapse of stock in the South Sea Company occurred in September of 1720.
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caldrail View Drop Down

Joined: 21 Jan 2014
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Post Options Post Options   Thanks (0) Thanks(0)   Quote caldrail Quote  Post ReplyReply Direct Link To This Post Posted: 07 Aug 2015 at 00:09
Other bubbles have occurred. The Railway Mania of the 1840's saw frenetic dealing, even selling fraudulent shares, leaving many, including the Bronte sisters, losing considerable amounts of money when the bubble collapsed.

Edited by caldrail - 07 Aug 2015 at 00:09
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