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The South Sea Stock Crisis and Bank Proposals 1720
The South Sea bubble turmoil shows stock sinking to 150 on Michaelmas, with the House of Commons accepting South Sea Company proposals. The Bank and Company plan large bond circulation and stock swaps at high rates, adjusting redeemable annuities, long annuities, and subscriptions with specified dividend and payment terms, detailing several purchase rates and maturities.
MENTIONED IN THIS ARTICLE
Spe
South Sea
John Fellows