2min chapter

Stuff You Missed in History Class cover image

The South Sea Bubble

Stuff You Missed in History Class

CHAPTER

The South Sea Company Stock Market

walpole's response was widely perceived as scape goating some of the people while shielding others from punishment. In spite of that, he effectively became britoin's first prime minister before that term was even coined. A lot of people i wrote about how greed had been at the root of all this. One of those was daniel defoe, who published this in the complete english tradesmen qote: avarice is the ruin of many people besides tradesmen. Other people placed the blame on naive or inexperienced investors. Propaganda, art work, satirical writing and even playing cards also targeted emigrants, jews and nonconforming protestants as people who should never have been

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