Just Like Today Government Debt Was at the Heart of the South Sea Bubble.

#debt #government #manias #bubbles #finance #markets #centralbanks #federalreserve #bankofengland #panics

Today we will briefly go over the history of the South Sea Company and why it was created and how the bubble that ensued had its origins in government trying to get out of a difficult financial situation or heavy debts of the State.

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