EPISODE · Feb 7, 2022 · 37 MIN

The South Sea Bubble

from Stuff You Missed in History Class · host iHeartPodcasts

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. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Episode metadata supplied by the publisher feed · Published Feb 7, 2022

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The South Sea Bubble

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