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South Sea Company Stock Crisis Described in Parliament
The Historical Register notes fraud and manipulation around the South Sea Company during 1720. Directors allegedly raised stock prices to benefit insiders, with schemes including a 1000 percent premium on a five million capital raise and delusive dividends. Sir John Blunt faced examination, refused to answer fully, and was ordered sworn before adjournment.
MENTIONED IN THIS ARTICLE
South- Sea Company
John Blunt
South-Sea Company
House of Commons
Sis Joh