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South Sea Stock Chaos and Government Probe in 1720
The Historical Register describes the South Sea Companys third subscription in 1720, asserting bonds due June 25 paid to the company cashier. It details inflated premiums, stock rises, and a government response by Lords Justices in Whitehall on July 12, 1720, to curb fraud and bubbles, highlighting public damage and political action.
MENTIONED IN THIS ARTICLE
South Sea
South Sea Company
Council
Whitehall
Lords Fustices
Lords Justices In Council