The South Sea Bubble
In Our Time20 Des 2012

The South Sea Bubble

Melvyn Bragg and his guests discuss The South Sea Bubble, the speculation mania in early 18th-century England which ended in the financial ruin of many of its investors. The South Sea Company was founded in 1711 with a view to restructuring government debt and restoring public credit. The company would ostensibly trade with South America, hence its name; and indeed, it did trade in slaves for the Spanish market even after the Bubble burst in 1720.

People from all walks of life bought shares in the South Sea Company, from servants to gentry, and it was said the entire country was gripped by South Sea speculation mania. When the shares crashed and the company collapsed there was a public outcry and many people faced financial ruin, although some investors sold before the crash and made substantial amounts of money. For example, the bookseller Thomas Guy made his fortune and founded a hospital in his name the following year.

But how did such a financial crisis develop and were there any lessons learnt following this early example of a stock market boom and bust?

With:

Anne Murphy Senior Lecturer in History at the University of Hertfordshire

Helen Paul Lecturer in Economics and Economic History at the University of Southampton

Roey Sweet Head of the School of History at the University of Leicester

Producer: Natalia Fernandez.

Episoder(1081)

Benjamin Disraeli

Benjamin Disraeli

Melvyn Bragg and guests discuss one of the major figures in Victorian British politics. Disraeli (1804 -1881) served both as Prime Minister twice and, for long periods, as leader of the opposition. Bo...

17 Okt 202451min

Bacteriophages

Bacteriophages

Melvyn Bragg and guests discuss the most abundant lifeform on Earth: the viruses that 'eat' bacteria. Early in the 20th century, scientists noticed that something in their Petri dishes was making ba...

1 Aug 202450min

Monet in England

Monet in England

Melvyn Bragg and guests discuss the work of the great French Impressionist Claude Monet (1840-1926) in London, initially in 1870 and then from 1899. He spent his first visit in poverty, escaping from ...

25 Jul 202450min

Karma

Karma

Melvyn Bragg and guests discuss the doctrine of Karma as developed initially among Hindus, Jains and Buddhists in India from the first millennium BCE. Common to each is an idea, broadly, that you rea...

18 Jul 202450min

Fielding's Tom Jones

Fielding's Tom Jones

Melvyn Bragg and guests discuss "The History of Tom Jones, A Foundling" (1749) by Henry Fielding (1707-1754), one of the most influential of the early English novels and a favourite of Dickens. Coleri...

11 Jul 202454min

The Orkneyinga Saga

The Orkneyinga Saga

Melvyn Bragg and guests discuss the Saga of the Earls of Orkney, as told in the 13th Century by an unknown Icelander. This was the story of arguably the most important, strategically, of all the islan...

4 Jul 202451min

Marsilius of Padua

Marsilius of Padua

Melvyn Bragg and guests discuss one of the canonical figures from the history of political thought. Marsilius of Padua (c1275 to c1343) wrote 'Defensor Pacis' (The Defender of the Peace) around 1324 w...

27 Jun 202456min

Empress Dowager Cixi

Empress Dowager Cixi

Melvyn Bragg and guests discuss the woman who, for almost fifty years, was the most powerful figure in the Chinese court. Cixi (1835-1908) started out at court as one of the Emperor's many concubines...

20 Jun 202450min

Populært innen Historie

rss-dette-ma-aldri-skje-igjen
rss-katastrofe
henrettelsespodden
historier-som-endret-norge
rss-benadet
historier-som-endret-verden
aftenposten-historie
rss-nadelose-nordmenn-gestapo
historiepodden
med-egne-oyne
rss-frontkjemperne
rss-strid-de-norske-borgerkrigene
sektledere
rss-historiske-romanser-svik-drap-og-kjarlighet
liberal-halvtime
rss-gamle-greier
taakeprat
vare-historier
rss-politisk-preik
virkelig-grusomt