The South Sea Bubble

The South Sea Bubble

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Episode
1802 of 2638
Længde
37M
Sprog
Engelsk
Format
Kategori
Historie

In the early 18th century, Britain needed money. In 1711, the South Sea Company was established to try to manage this debt, and the heart of the debt consolidation the company arranged was a debt-for-equity swap that did NOT keep the nation from incurring more debt.

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