The South Sea Bubble
Patrick Boyle On Finance
Patrick Boyle
4.9 • 308 Ratings
🗓️ 30 January 2025
⏱️ 43 minutes
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Summary
1720 was a year of two bubbles and a plague - The Mississippi Company in France –and the South Sea Bubble in England were the first large scale financial bubbles on record. In September 1720 - when the bubbles burst, England and France were plunged into economic and political crisis's. These were amongst the first examples of financial boom and bust cycles and were the events that gave rise to the use of the term bubble to describe a spectacular market failure. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel: Patreon: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle Visit our website: https://www.onfinance.org Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social Sources: Money For Nothing by Arthur Levinson: https://amzn.to/3PUbbcV The King, the Crook, and the Gambler by Malcolm Balen: https://amzn.to/3CFq7bM The Life of Isaac Newton by Richard Westfall: https://amzn.to/4hfXbWU Manias Panics & Crashes - Kindelberger: https://amzn.to/40xOrnX Business Inquiries ➡️ sponsors@onfinance.org Patrick Boyle On Finance YouTube Channel: https://www.youtube.com/@PBoyle
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| 0:43.5 | If you walk down Change Alley in the city of London, |
| 0:46.4 | you'll come across a blue plaque marking the site of Jonathan's coffee house. |
| 0:50.9 | A bit further down the street, look up, |
| 0:53.5 | and you'll see a memorial to Garraways, another long-gone coffee house. A bit further down the street look up and you'll see a memorial to Garraways, |
| 0:56.0 | another long-gone coffee shop, both lost in a fire in 1746. Just around the corner where |
| 1:03.5 | the Jamaica Winehouse is today, you'll see a third sign marking the location of the first |
| 1:09.0 | coffee house in London. |
| 1:11.2 | While Change Allie is fairly nondescript today, it was the busiest part of the city |
| 1:15.9 | in 1720, and not because of the quality of the coffee either, which was described in a |
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