The South Sea Bubble

An episode of the Stuff You Missed in History Class podcast, hosted by iHeartPodcasts, titled "The South Sea Bubble" was published on February 7, 2022 and runs 37 minutes.

February 7, 2022 ·37m · Stuff You Missed in History Class

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Episode Description

In the early 18th century, Britain needed money. In 1711, the South Sea Company was established to try to manage this debt, and the heart of the debt consolidation the company arranged was a debt-for-equity swap that did NOT keep the nation from incurring more debt.

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