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South Sea Bubble |
Also found in: Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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South Sea Bubble n (Historical Terms) Brit history the financial crash that occurred in 1720 after the South Sea Company had taken over the national debt in return for a monopoly of trade with the South Seas, causing feverish speculation in their stocks [so named because the rapid expansion and sudden collapse of investment resembled the blowing up and bursting of a bubble] How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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