The South Sea Bubble was a brief period of wild financial speculation in Britain. It was centred on the fortunes of the South Sea Company, which supplied slaves to plantations in Central and South America. Aristocrats and leading politicians were shareholders, which gave a legitimacy to the company and its slave trading activities. The shares were extremely popular and rose rapidly in value. Many other companies, some fraudulent, issued stock. When the stock market collapsed in 1720 a large number of people were financially ruined.
Gallery label, August 2018
Does this text contain inaccurate information or language that you feel we should improve or change? We would like to hear from you.
- townscapes / man-made features(21,710)
- Change Alley(1)