The First Stock Market Crash: The South Sea Company
Building on a long tradition of catastrophic financial market crashes, the economic meltdown caused by the bursting of the housing bubble in 2008 is only the latest in a long line of epic stock market fails. In fact, nearly 300 years ago unscrupulous players, political cronies and laissez-faire government combined to create a “too big to fail” company, and then […]
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