World History Archive May 2016 59-69

EN_01212690_0174

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caption

South Sea annuities share certificate London, 1784. The South Sea Company purchased British government debt in return for trading rights with Spain's South American colonies. Speculation in company shares led to ruin for many shareholders when the Company collapsed in 1720. The Company was restructured following the crisis and was still issuing shares into the 1800s.

headline World History Archive May 2016 59-69

created date 2016-05-17

credit East News

source Image Asset Management

byline

original transmission reference WHA_067_0174

weight 3,44MB

size 44cm x 34cm by 300dpi

keywords - Show

1720, 1784, 1800S, 18TH, AMERICAN, AND, ANNUITIES, BRITISH, BUBBLE, CENTURY, CERTIFICATE, COLLAPSED, COLONIES, COMPANY, CRISIS, DEBT, ECONOMY, FINANCE, FOLLOWING, FOR, GOVERNMENT, IN, INTO, ISSUING, LED, LONDON, MANY, PURCHASED, RESTRUCTURED, RETURN, RIGHTS, RUIN, SEA, SHARE, SHAREHOLDERS, SHARES, SOUTH, SPAIN, SPECULATION, STILL, THE, TO, TRADING, WAS, WHEN, WITH,