TIL that in 1720’s England, at the height of stock market frenzy among the public, a company raised £2000 by selling shares for, quote, “an undertaking of great advantage but no-one to know what it is”. via /r/economy


TIL that in 1720’s England, at the height of stock market frenzy among the public, a company raised £2000 by selling shares for, quote, “an undertaking of great advantage but no-one to know what it is”.
http://www.historic-uk.com/HistoryUK/HistoryofEngland/south-sea-bubble/

Submitted June 19, 2017 at 09:03PM by econok
via reddit https://www.reddit.com/r/economy/comments/6iarid/til_that_in_1720s_england_at_the_height_of_stock/?utm_source=ifttt

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