South Sea Bubble


South Sea Bubble
South Sea Bub|ble, the
a serious financial problem in the UK in 1720, which led to many people losing all their money. The South Sea company made large profits by trading with South America, and this encouraged many people to ↑invest their money in it (=lend the company money, in the hope of making more money) . But the company was very dishonestly run, and in the end it failed and the money people had invested became worthless.

Dictionary of contemporary English. 2013.

Look at other dictionaries:

  • South Sea Bubble — von E. M. Ward. Die Südseeblase (engl. South Sea Bubble, auch Südsee (Börsen)schwindel) von 1720 gehört zu den wichtigen negativen wirtschaftlichen Ereignissen, die sich vor dem 20. Jahrhundert zugetragen haben. Mit dem gleichzeitigen… …   Deutsch Wikipedia

  • South Sea Bubble — (1720) Speculation mania that caused financial ruin for many British investors. Parliament s acceptance of a proposal by the South Sea Co. to take over the British national debt resulted in an immediate rise in its stock. After soaring from 12812 …   Universalium

  • South Sea Bubble — One of the largest stock scams of all time. The U.K. based South Sea Company s shares saw a huge appreciation based on rumor, speculation and false claims before plummeting and eventually becoming worthless. Thousands of people lost their life… …   Investment dictionary

  • South Sea Bubble — (1720). Delirio especulativo que causó la ruina financiera de muchos inversionistas británicos. La aceptación por el parlamento de una propuesta de la South Sea Co. de encargarse de la deuda nacional británica provocó un inmediato aumento de su… …   Enciclopedia Universal

  • South Sea Bubble — noun a financial and political scandal in Great Britain, resulting from the collapse in 1720 of the South Sea Company, sponsored by the king and government after it had taken over the national debt …   Australian English dictionary

  • SOUTH SEA BUBBLE —    the name given to the disastrous financial project set on foot by HARLEY (q.v. HARLEY, ROBERT) to relieve the national debt and restore public credit, which produced an unparalleled rush of speculation, ending in the ruin of thousands of… …   The Nuttall Encyclopaedia

  • South Sea Bubble — A ten million pound scheme for monopolizing the trade of England with Spanish America, which was given form in 1711 and failed in 1720 …   Ballentine's law dictionary

  • South Sea Bubble — …   Useful english dictionary

  • South Sea Bubble (play) — South Sea Bubble is a 1950s play by British actor and playwright Noel Coward. It was written during a period of declining popularity for Coward and failed to garner much positive response.Originally written for Gertrude Lawrence under the name of …   Wikipedia

  • South Sea Company — South Sea Bubble von E. M. Ward. Die Südseeblase (engl. South Sea Bubble, auch Südsee (Börsen)schwindel) von 1720 gehört zu den wichtigen negativen wirtschaftlichen Ereignissen, die sich vor dem 20. Jahrhundert zugetragen haben. Mit dem… …   Deutsch Wikipedia