South Sea Company, chartered in 1711 by the British Parliament, with a monopoly over the W coast of the Americas to a distance of 300 leagues out to sea. How did the directors of one of the most successful joint-stock companies at the time, sought after in social circles as financiers and masterminds, come to be called before Parliament to testify? The South Sea Company was formed in 1711, supported by Robert Harley as a Tory competitor for the Whig Bank of England. By completing your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. During this time, most of the Americas were being colonized and Europeans used the term "South Seas" to refer to South America and other lands located in the surrounding waters. In 1720 it assumed a large part of the British national debt and almost collapsed that year in a stock market crash known as the South Sea Bubble. Tax where applicable. After 30 days, Audible costs CDN$14.95/month + applicable taxes, cancel any time, Unlimited access to Audible Original Podcasts. It is a story centered around England's history of debt, loans, and banking, all against the backdrop of modern history's most famous empire. Sold and delivered by Audible, an Amazon company, ©2017 Charles River Editors (P)2017 Charles River Editors. It … Unable to add item to Wish List. South Sea Company, chartered in 1711 by the British Parliament, with a monopoly over the W coast of the Americas to a distance of 300 leagues out to sea. The South Sea Company: The History of the British Empire’s South American Stock Company: Charles River Editors: 9781545462508: Books - Amazon.ca December 16, 2013. History, politics, arts, science & more: the Canadian Encyclopedia is your reference on Canada. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Signing up enhances your TCE experience with the ability to save items to your personal reading list, and access the interactive map. In 1719 its directors offered to take over a large portion of the national debt previously managed by the Bank of England. The company was promised a monopoly of all trade to the Spanish colonies in South America in exchange for taking over and consolidating the national debt raised by the War of Spanish Succession (1701-1714). A lively and informative new podcast for kids that the whole family will enjoy! The South Sea Company had been founded in 1711 as a trading and finance company. The Whig administration supported this takeover, and in return… The South Sea Company had been founded in 1711 as a trading and finance company. https://www.britannica.com/topic/South-Sea-Company, United Kingdom: The supremacy of the Whigs. You will learn about the South Sea Company like never before, in no time at all. The South Sea Company shipped thousands of people across the Atlantic as slaves, working with an established slave trading company called the Royal African Company. I definitely recommend it. Gough, Barry M., "South Sea Company". The South Sea Company: The History of the British Empire's South American Stock Company (Audible Audio Edition): Charles River Editors, Scott Clem, Charles River Editors: Amazon.ca: Audible Audiobooks In. Economists have called the South Sea bubble "one of the most famous and dramatic episodes in the history of speculation". As a current student in an economics class, I was able to apply multiple economic theories and principles to the phonemena that was the South Sea Company. Your recently viewed items and featured recommendations, Select the department you want to search in, The South Sea Company: The History of the British Empire's South American Stock Company, This title and over 1 million more available with. In 1719 its directors offered to take over a large portion of the national debt previously managed by the Bank of England. In 1720 it assumed a large part of the British national debt and almost collapsed that year in a stock market crash known as the South Sea Bubble. There are 0 reviews and 0 ratings from Canada, Fast, FREE delivery, video streaming, music, and much more. After viewing product detail pages, look here to find an easy way to navigate back to pages that interest you. The company's spectacular fall impacted not only its investors, but public confidence in corporations, investments, and even banking worldwide. The South Sea Company: The History of the British Empire's South American Stock Company examines the history and legacy of one of England's most notorious trading companies. Cancel anytime. However, until 1833 British vessels trading on the NORTHWEST COAST were obliged to carry licences from the company, as well as from the EAST INDIA COMPANY. 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Though the history of the South Sea Company is obscure and unfamiliar to most, the regular references to the company and the scandal that surrounded it have lead it to be regularly referenced by economists, historians, and even investors today. South Sea Company, chartered in 1711 by the British Parliament, with a monopoly over the W coast of the Americas to a distance of 300 leagues out to sea. The South Sea Company had been founded in 1711 as a trading and finance company. In 1719 its directors offered to take over a large portion of the national debt previously managed by the Bank of England. Audible is CDN $14.95/mo + applicable taxes after 30 days. Please try again. The anger over the dishonesty of the directors of the company resulted in one member of the House of Lords suggesting that the South Sea Company directors "be sewn up in sacks, along with snakes and monies, and then drowned.". The Whig administration supported this takeover, and in return…. 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