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South Sea Company - Wikipedia

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The South Sea Company (officially: The Governor and Company of the merchants of Great Britain, trading to the South Seas and other parts of America and for the encouragement of the Fishery)[3] was a British joint-stock company founded in January 1711, created as a public-private partnership to consolidate and reduce the cost of the national debt. To generate income, in 1713 the company was granted a monopoly (the Asiento de Negros) to supply African slaves to the islands in the "South Seas" and South America.[4] When the company was created, Britain was involved in the War of the Spanish Succession and Spain and Portugal controlled most of South America. There was thus no realistic prospect that trade would take place, and as it turned out, the Company never realised any significant profit from its monopoly. However, Company stock rose greatly in value as it expanded its operations dealing in government debt, and peaked in 1720 before suddenly collapsing to little above its original fl

South Sea Company - Wikipedia Jump to content From Wikipedia, the free encyclopedia 18th-century economic speculation bubble "South Sea Bubble" redirects here. For the Noël Coward play, see South Sea Bubble (play) . For the painting, see The South Sea Bubble . South Sea Company Arms of the South Sea Company: Azure, a globe whereon are represented the Straits of Magellan and Cape Horn all proper and in sinister chief point two herrings haurient in saltire argent crowned or, in a canton the united arms of Great Britain Type Public Industry Slave trade , speculation , whaling Founded January 1711

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