When we left off, tensions were extremely high in England. Some thought was given to hiring foreign soldiers, perhaps from Germany, to try and maintain order as there were some whisperings about the King potentially abdicating in favour of his son, but the British MPs were steadfastly against rash actions with the monarchy. After aContinue reading “The South Sea Bubble Part 6 – When Opportunity Knocks”
Tag Archives: banking
The South Sea Bubble Part 5 – The Bubble Bursts
When the bill to hand over the lion’s share of the national debt to the South Sea Trading Company had passed through parliament a year prior, there was intense emotion across the political landscape of England. Those close to the venture, but more so those who stood as direct beneficiaries of its success, cheered theContinue reading “The South Sea Bubble Part 5 – The Bubble Bursts”
The South Sea Bubble Part 4 – Influence and Imitation
To understand what follows with Britain’s hysteria about the South Sea Company, it behooves us to look at the role of influence and imitation in Britain. As I explored in part one, in order for the ruler of any socio-political system to remain at the top by being able to influence others, typically with financialContinue reading “The South Sea Bubble Part 4 – Influence and Imitation”
The South Sea Bubble Part 2 – The Wealth of Nations
Where does the wealth of a nation lie? It’s a tricky question to answer as it’s one of those annoying scenarios in which just about everyone will have a different answer for you. A Tory might tell you that the wealth is drawn from that nation’s physical resources; what is being produced and what couldContinue reading “The South Sea Bubble Part 2 – The Wealth of Nations”
The Money Trail 