South Sea Company
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The South Sea Company was a British joint-stock company founded in January 1711, created as a public-private partnership to consolidate and reduce the cost of the national debt. To generate income, in
The Dividend Hall of South Sea House, 1810
Heraldic grouping above main entrance to the surviving South Sea House, Threadneedle Street, rebuilt after the fire of 1826
1723 pro-forma power of attorney signed by a shareholder of the South Sea Company showing the company's coat of arms and the Latin motto A Gadibus usque Auroram ("From Cádiz to Dawn", Juvenal, Satires, 10)
The South Sea Bubble by Edward Matthew Ward, 1847. A Hogarthian image of the 1720 "South Sea Bubble" now in the Tate Britain
Pump and dump
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Pump and dump is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased st
South Sea Company
…would enable them to become wealthy and offer opportunities for further government contracts. Flotation A bubble-era stock promoter, caricatured as a "night wind hawker" (The Great Picture of Folly, 1720) The royal charter for the company, based on that of the Bank of England, was drawn up by Blunt who was paid £3,846…
"Night wind hawkers" sold stock on the streets during the South Sea Bubble. (The Great Picture of Folly, 1720)
Anatomy of a scalping scheme