In 1719 its directors offered to take over a large portion of the national debt previously managed by the Bank of England. Prime members enjoy Free Two-Day Shipping, Free Same-Day or One-Day Delivery to select areas, Prime Video, Prime Music, Prime Reading, and more. The South Sea Company: The History of the British Empire’s South American Stock Company: Charles River Editors: 9781545462508: Books - Amazon.ca It also analyzes reviews to verify trustworthiness. Sold and delivered by Audible, an Amazon company, ©2017 Charles River Editors (P)2017 Charles River Editors. South Sea Company, chartered in 1711 by the British Parliament, with a monopoly over the W coast of the Americas to a distance of 300 leagues out to sea. Gough, Barry M., "South Sea Company". South Sea Company, chartered in 1711 by the British Parliament, with a monopoly over the W coast of the Americas to a distance of 300 leagues out to sea. During this time, most of the Americas were being colonized and Europeans used the term "South Seas" to refer to South America and other lands located in the surrounding waters. Articles, timelines & resources for teachers, students & public. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. You will learn about the South Sea Company like never before, in no time at all. The South Sea Company had been founded in 1711 as a trading and finance company. Tax where applicable. It … The South Sea Company had been founded in 1711 as a trading and finance company. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. In 1719 its directors offered to take over a large portion of the national debt previously managed by the Bank of England. The South Sea Company was formed in 1711, supported by Robert Harley as a Tory competitor for the Whig Bank of England. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Cancel anytime. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. The Whig administration supported this takeover, and in return… After 30 days, Audible costs CDN$14.95/month + applicable taxes, cancel any time, Unlimited access to Audible Original Podcasts. The anger over the dishonesty of the directors of the company resulted in one member of the House of Lords suggesting that the South Sea Company directors "be sewn up in sacks, along with snakes and monies, and then drowned.". A lively and informative new podcast for kids that the whole family will enjoy! The South Sea Company was founded in 1711 by the Lord Treasurer Robert Harley and John Blunt, the former director of the Sword Blade Company. © 2008-2020, Amazon.com, Inc. or its affiliates. There are 0 reviews and 0 ratings from Canada, Fast, FREE delivery, video streaming, music, and much more. Your recently viewed items and featured recommendations, Select the department you want to search in, The South Sea Company: The History of the British Empire's South American Stock Company, This title and over 1 million more available with. In 1720 it assumed a large part of the British national debt and almost collapsed that year in a stock market crash known as the South Sea Bubble. By completing your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Audible is CDN $14.95/mo + applicable taxes after 30 days. In 1719 its directors offered to take over a large portion of the national debt previously managed by the Bank of England. In 1720 it assumed a large part of the British national debt and almost collapsed that year in a stock market crash known as the South Sea Bubble. In. In 1720 it assumed a large part of the British national debt and almost collapsed that year in a stock market crash known as the South Sea Bubble. The South Sea Company had been founded in 1711 as a trading and finance company. It is a story centered around England's history of debt, loans, and banking, all against the backdrop of modern history's most famous empire. https://www.britannica.com/topic/South-Sea-Company, United Kingdom: The supremacy of the Whigs. As a current student in an economics class, I was able to apply multiple economic theories and principles to the phonemena that was the South Sea Company. I definitely recommend it. The company's spectacular fall impacted not only its investors, but public confidence in corporations, investments, and even banking worldwide. The company was promised a monopoly of all trade to the Spanish colonies in South America in exchange for taking over and consolidating the national debt raised by the War of Spanish Succession (1701-1714). Though the history of the South Sea Company is obscure and unfamiliar to most, the regular references to the company and the scandal that surrounded it have lead it to be regularly referenced by economists, historians, and even investors today. However, until 1833 British vessels trading on the NORTHWEST COAST were obliged to carry licences from the company, as well as from the EAST INDIA COMPANY. The Whig administration supported this takeover, and in return…. Economists have called the South Sea bubble "one of the most famous and dramatic episodes in the history of speculation". December 16, 2013. Signing up enhances your TCE experience with the ability to save items to your personal reading list, and access the interactive map. If You Tell: A True Story of Murder, Family Secrets, and the Unbreakable Bond of Sisterhood, Think Like a Monk: Train Your Mind for Peace and Purpose Every Day, Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones, Harry Potter and the Order of the Phoenix, Book 5, Harry Potter and the Goblet of Fire, Book 4, Reviewed in the United Kingdom on July 18, 2017, Reviewed in the United States on May 10, 2017. The South Sea Company: The History of the British Empire's South American Stock Company (Audible Audio Edition): Charles River Editors, Scott Clem, Charles River Editors: Amazon.ca: Audible Audiobooks South Sea Company, chartered in 1711 by the British Parliament, with a monopoly over the W coast of the Americas to a distance of 300 leagues out to sea. How did the directors of one of the most successful joint-stock companies at the time, sought after in social circles as financiers and masterminds, come to be called before Parliament to testify? After viewing product detail pages, look here to find an easy way to navigate back to pages that interest you. The South Sea Company: The History of the British Empire's South American Stock Company examines the history and legacy of one of England's most notorious trading companies. History, politics, arts, science & more: the Canadian Encyclopedia is your reference on Canada. The South Sea Company shipped thousands of people across the Atlantic as slaves, working with an established slave trading company called the Royal African Company. Please try again. Great detail and description. Unable to add item to Wish List.
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