The First Stock Market Crash The South Sea Company
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In this video:
Building on a long tradition of catastrophic financial market crashes, the economic meltdown caused by the bursting of the housing bubble in 2008 is only the latest in a long line of epic stock market fails. In fact, nearly 300 years ago unscrupulous players, political cronies and laissez-faire government combined to create a “too big to fail” company, and then stood around helpless when it did. This is the story of the South Sea Company Bubble.
Want the text version?: http://www.todayifoundout.com/index.php/2013/04/the-first-stock-market-crash-the-south-sea-company/
Sources:
http://www.pbs.org/wgbh/pages/frontline/shows/dotcon/historical/bubbles.html
http://www.thefinanceguy.co.uk/blog/market-crash-part-ii-the-south-sea-bubble-1711-21/
http://eprints.soton.ac.uk/79226/
http://en.wikipedia.org/wiki/Robert_Walpole#Rise_to_power
http://en.wikipedia.org/wiki/South_Sea_Company
http://www.pbs.org/fmc/timeline/estockmktcrash.htm
Видео The First Stock Market Crash The South Sea Company канала Today I Found Out
If you happen to like our videos and have a few bucks to spare to support our efforts, check out our Patreon page where we've got a variety of perks for our Patrons, including Simon's voice on your GPS and the ever requested Simon Whistler whistling package: https://www.patreon.com/TodayIFoundOut
→Some of our favorites: https://www.youtube.com/playlist?list=PLR0XuDegDqP10d4vrztQ0fVzNnTiQBEAA
→Subscribe for new videos every day!
https://www.youtube.com/user/TodayIFoundOut?sub_confirmation=1
Follow Simon on social media:
https://twitter.com/SimonWhistler
https://www.instagram.com/simonwhistler/
Never run out of things to say at the water cooler with TodayIFoundOut! Brand new videos 7 days a week!
More from TodayIFoundOut:
How Did They Get the CGI in the 1993 Jurassic Park to Look So Good?
https://youtu.be/l4UuQxjFpfU
What Function Does Natural Aspirin Serve in Plants?
https://youtu.be/ejLFtO1ieRM
In this video:
Building on a long tradition of catastrophic financial market crashes, the economic meltdown caused by the bursting of the housing bubble in 2008 is only the latest in a long line of epic stock market fails. In fact, nearly 300 years ago unscrupulous players, political cronies and laissez-faire government combined to create a “too big to fail” company, and then stood around helpless when it did. This is the story of the South Sea Company Bubble.
Want the text version?: http://www.todayifoundout.com/index.php/2013/04/the-first-stock-market-crash-the-south-sea-company/
Sources:
http://www.pbs.org/wgbh/pages/frontline/shows/dotcon/historical/bubbles.html
http://www.thefinanceguy.co.uk/blog/market-crash-part-ii-the-south-sea-bubble-1711-21/
http://eprints.soton.ac.uk/79226/
http://en.wikipedia.org/wiki/Robert_Walpole#Rise_to_power
http://en.wikipedia.org/wiki/South_Sea_Company
http://www.pbs.org/fmc/timeline/estockmktcrash.htm
Видео The First Stock Market Crash The South Sea Company канала Today I Found Out
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