Money Mania: The South Sea Bubble

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At the beginning of 1720, almost the whole of England thought that investing money in the South Sea Company was an admirable idea; by the end of 1720, they were equally convinced that the company was made up of nothing but rogues and vagabonds. What was the South Sea Bubble and how can we best explain this instance of mass speculation? 

This lecture is part of Professor Pick's series, Rumour, Disease and the Madness of Crowds. The other lectures in this series are:
    1665: The Great Pestilence of London
    1848: The Chartists' Revolution in London
    1888: Jack the Ripper
    Miracle Cures: Spas, Shrines and Spirits
    Gambling Fever: The Mirage of Sudden Riches

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This event was on Tue, 26 Apr 1988

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