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What was the “South Sea Company” Bubble?

The South Sea Company was created in Britain in the 18th Century, by the British government.

The purpose of the company was to conduct trade with South American colonies belonging to Spain. The company quickly became a popular investment instrument among British nobility, but the frenzy quickly grew to gigantic proportions as trade picked up, but it wasn't sustainable. The bubble burst a few years later.

What was the “Tulip” Bubble?
How do Market “Bubbles” Burst?

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