THE SOUTH SEA BUBBLE
Published by The Cresset Press. 1st. 1960
Almost very good condition. The South Sea Bubble was a significant financial crisis that occurred in the early 18th century, primarily driven by the South Sea Company, which was established in 1711 to monopolize British trade with South America. The company was granted this monopoly in exchange for taking on a portion of the national debt, which had been exacerbated by the costly War of the Spanish Succession. The company's promise of immense profits from trade, particularly involving enslaved Africans, attracted a surge of speculative investment, driving stock prices to unprecedented highs and ultimately the world's first financial crash. Burgundy cloth boards, gilt title to spine. B/w illustrations. xii and 314 pages.
Boards a little marked/stained. Spine faintly sunned. Text block browned and sunned with heavy foxing, some foxing bleeding on to page margins. Inscription in ink to front endpaper. Some foxing to contents, mainly to margins.
Stock no. 1831212
- Categorised in:
- HISTORY
- HISTORY GENERAL
- ECONOMICS
- COMPANY HISTORY
