1720 -
The Breaking of the ‘Bubbles’ |
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| The first consumer fraud and investment blunder ever. The
Mississippi Company and South Sea Company were both receiving large amounts
of investments, but they weren’t actually doing anything. It was the
first case of inflated stock, and when the bubble burst many investors lost
faith in the investment system. |
Chapter 6 Page 269 .: 8th Edition :. |