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The South Sea Bubble began when the Whig government, led by the Earl of Sunderland, implemented a scheme to swap government securities for South Sea Company shares, allowing the Company to assume a large portion of the national debt.
Authors
Sources
- Ottobah Cugoano on British Slavery, National Debt, and Speculative ... jmphil.org via serper
Referenced by nodes (1)
- South Sea Company entity