Today I Found Out

The First Stock Market Crash The South Sea Company (2020x139)

Air date: Jul 02, 2020

Check out the Brainfood Show: https://www.brainfood.fm→→Subscribe for new videos every day! https://www.youtube.com/user/TodayIFoundOut?sub_confirmation=1 Follow Simon on social media: https://twitter.com/SimonWhistler https://www.instagram.com/simonwhistler/ Never run out of things to say at the water cooler with TodayIFoundOut! Brand new videos 7 days a week! More from TodayIFoundOut: How Did They Get the CGI in the 1993 Jurassic Park to Look So Good? https://youtu.be/l4UuQxjFpfU What Function Does Natural Aspirin Serve in Plants? https://youtu.be/ejLFtO1ieRM In this video: Building on a long tradition of catastrophic financial market crashes, the economic meltdown caused by the bursting of the housing bubble in 2008 is only the latest in a long line of epic stock market fails. In fact, nearly 300 years ago unscrupulous players, political cronies and laissez-faire government combined to create a “too big to fail” company, and then stood around helpless when it did. This is the story of the South Sea Company Bubble. Want the text version?: http://www.todayifoundout.com/index.php/2013/04/the-first-stock-market-crash-the-south-sea-company/ Sources: http://www.pbs.org/wgbh/pages/frontline/shows/dotcon/historical/bubbles.html http://www.thefinanceguy.co.uk/blog/market-crash-part-ii-the-south-sea-bubble-1711-21/ http://eprints.soton.ac.uk/79226/ http://en.wikipedia.org/wiki/Robert_Walpole#Rise_to_power http://en.wikipedia.org/wiki/South_Sea_Company http://www.pbs.org/fmc/timeline/estockmktcrash.htm