The South Sea Bubble

The South Sea Bubble of 1720 is a famous morality tale. Shares in the South Sea Company rose steeply in price. The whole stock market followed. Share prices then crashed. It has been assumed that the investors were struck by a gambling mania. This book explains why a bubble could occur without a gam [...]
Visa längre beskrivning

The South Sea Bubble of 1720 is a famous morality tale. Shares in the South Sea Company rose steeply in price. The whole stock market followed. Share prices then crashed. It has been assumed that the investors were struck by a gambling mania. This book explains why a bubble could occur without a gambling mania being to blame.