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Nothing will stop the formation of the South Sea Company, not even a decades-long multinational war.

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Extra History - England: The South Sea Bubble - Ch. 2: Too Big to Fail

Support us on Patreon! http://bit.ly/EHPatreon Watch the South Sea Bubble series! http://bit.ly/1xfVN9W Subscribe for new episodes every other Saturday! http://bit.ly/SubToEC Follow us on Facebook! http://bit.ly/ECFBPage Follow us on Twitter! http://bit.ly/ECTweet Follow us on Twitch! http://bit.y/ECTwitch ____________ Frustrated at every turn by the Whig-controlled Bank of England, Harley and Blunt decide to start their own instution: a trading company that will exchange government debt for stock shares.

Comments

Anonymous

Economics just goes way over my head.

Anonymous

When this bubbles pop I see heads rolling

noah

I'm having a hard time trying to follow along myself. From what I understand the stocks themselves are worth nothing. Despite how much there being sold for. They don't have any way of backing up the stock with actual money. I think I'm not 100% on that.