The South Sea Company Stock Price

As interestn investments surged, share prices spiked in the bank of england and the east india company. In 17 20 parliament passed the bubble act, which banned all joint stock companies that did not have a royal charter. Those new companies were outlawed, and many of their former investors turned to south sea company stock. The price plummeted precipitously, dropping from about a thousand pounds in august of 17 20 to a hundred pounds in september,. like the mississippi bubble, this had just basically dropped back to its pre bubble price.