2 ideas from John Carswell, each explained in a minute and credited to the original work. Free on Savvy.
The South Sea Company was granted a monopoly on British trade with Spanish America in 1711 but did very little actual trading. In 1720, it took over a chunk of British government d…
— John Carswell, The South Sea Bubble
In 1720, shares in the South Sea Company, which held a dubious monopoly on trade with Spanish America, rocketed nearly tenfold in months as speculators piled in. Newton sold early …
— John Carswell, The South Sea Bubble