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- South_Sea_Company abstract "The South Sea Company (officially The Governor and Company of the merchants of Great Britain, trading to the South Seas and other parts of America, and for the encouragement of fishing) was a British joint-stock company founded in 1711, created as a public–private partnership to consolidate and reduce the cost of national debt. The company was also granted a monopoly to trade with South America, hence its name. At the time it was created, Britain was involved in the War of the Spanish Succession and Spain controlled South America. There was no realistic prospect that trade would take place and the company never realised any significant profit from its monopoly. Company stock rose greatly in value as it expanded its operations dealing in government debt, peaking in 1720 before collapsing to little above its original flotation price; this became known as the South Sea Bubble.A considerable number of people were ruined by the share collapse, and the national economy greatly reduced as a result. The founders of the scheme engaged in insider trading, using their advance knowledge of when national debt was to be consolidated to make large profits from purchasing debt in advance. Huge bribes were given to politicians to support the Acts of Parliament necessary for the scheme. Company money was used to deal in its own shares, and selected individuals purchasing shares were given loans backed by those same shares to spend on purchasing more shares. The expectation of vast wealth from trade with South America was used to encourage the public to purchase shares, despite the limited likelihood this would ever happen. The only significant trade that did take place was in slaves, but the company failed to manage this profitably.A parliamentary enquiry was held after the crash to discover its causes. A number of politicians were disgraced, and people found to have profited unlawfully from the company had assets confiscated proportionately to their gains (most had already been rich men and remained comfortably rich). The company was restructured and continued to operate for more than a century after the Bubble. The headquarters were in Threadneedle Street at the centre of the financial district in London, in which street today can be found the Bank of England. At the time of these events this also was a private company dealing in national debt, and the crash of its rival consolidated its position as banker to the British government.The Bubble Act 1720 (6 Geo I, c 18), which forbade the creation of joint-stock companies without royal charter, was promoted by the South Sea company itself before its collapse. This was an effort to prevent the increasing competition for investors, which it saw from companies springing up around it.".
- South_Sea_Company thumbnail South_Sea_Bubble.jpg?width=300.
- South_Sea_Company wikiPageExternalLink paul.doc.
- South_Sea_Company wikiPageExternalLink iot_20121220-1300a.mp3.
- South_Sea_Company wikiPageExternalLink southsea.htm.
- South_Sea_Company wikiPageExternalLink 3679343.
- South_Sea_Company wikiPageExternalLink index.html.
- South_Sea_Company wikiPageExternalLink 0-19-829508-1.pdf.
- South_Sea_Company wikiPageExternalLink www.thesouthseabubble.com.
- South_Sea_Company wikiPageExternalLink ukgs302.
- South_Sea_Company wikiPageID "74234".
- South_Sea_Company wikiPageRevisionID "605070976".
- South_Sea_Company hasPhotoCollection South_Sea_Company.
- South_Sea_Company subject Category:1711_establishments_in_Great_Britain.
- South_Sea_Company subject Category:African_slave_trade.
- South_Sea_Company subject Category:Age_of_Sail.
- South_Sea_Company subject Category:Chartered_companies.
- South_Sea_Company subject Category:Companies_established_in_1711.
- South_Sea_Company subject Category:Corruption_in_the_United_Kingdom.
- South_Sea_Company subject Category:Defunct_companies_of_the_United_Kingdom.
- South_Sea_Company subject Category:Economic_bubbles.
- South_Sea_Company subject Category:Financial_crises.
- South_Sea_Company subject Category:Georgian_era.
- South_Sea_Company subject Category:History_of_banking.
- South_Sea_Company subject Category:Political_scandals_in_the_United_Kingdom.
- South_Sea_Company type Abstraction100002137.
- South_Sea_Company type CharteredCompanies.
- South_Sea_Company type CompaniesEstablishedIn1711.
- South_Sea_Company type Company108058098.
- South_Sea_Company type DefunctCompaniesOfTheUnitedKingdom.
- South_Sea_Company type Group100031264.
- South_Sea_Company type Institution108053576.
- South_Sea_Company type Organization108008335.
- South_Sea_Company type SocialGroup107950920.
- South_Sea_Company type YagoLegalActor.
- South_Sea_Company type YagoLegalActorGeo.
- South_Sea_Company type YagoPermanentlyLocatedEntity.
- South_Sea_Company comment "The South Sea Company (officially The Governor and Company of the merchants of Great Britain, trading to the South Seas and other parts of America, and for the encouragement of fishing) was a British joint-stock company founded in 1711, created as a public–private partnership to consolidate and reduce the cost of national debt. The company was also granted a monopoly to trade with South America, hence its name.".
- South_Sea_Company label "Bolla della South Sea Company".
- South_Sea_Company label "Compagnie des mers du Sud".
- South_Sea_Company label "Companhia dos Mares do Sul".
- South_Sea_Company label "Compañía del Mar del Sur".
- South_Sea_Company label "Kompania Mórz Południowych".
- South_Sea_Company label "South Sea Company".
- South_Sea_Company label "South Sea Company".
- South_Sea_Company label "Südseeblase".
- South_Sea_Company label "Компания Южных морей".
- South_Sea_Company label "شركة البحر الجنوبي".
- South_Sea_Company label "南海会社".
- South_Sea_Company label "南海泡沫事件".
- South_Sea_Company sameAs Jihomořská_bublina.
- South_Sea_Company sameAs Südseeblase.
- South_Sea_Company sameAs Compañía_del_Mar_del_Sur.
- South_Sea_Company sameAs Compagnie_des_mers_du_Sud.
- South_Sea_Company sameAs Bolla_della_South_Sea_Company.
- South_Sea_Company sameAs 南海会社.
- South_Sea_Company sameAs 남해_회사.
- South_Sea_Company sameAs South_Sea_Company.
- South_Sea_Company sameAs Kompania_Mórz_Południowych.
- South_Sea_Company sameAs Companhia_dos_Mares_do_Sul.
- South_Sea_Company sameAs m.0jtx4.
- South_Sea_Company sameAs Q1210696.
- South_Sea_Company sameAs Q1210696.
- South_Sea_Company sameAs South_Sea_Company.
- South_Sea_Company wasDerivedFrom South_Sea_Company?oldid=605070976.
- South_Sea_Company depiction South_Sea_Bubble.jpg.
- South_Sea_Company isPrimaryTopicOf South_Sea_Company.