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Nothing will stop the formation of the South Sea Company, not even a decades-long multinational war.

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Extra History - England: The South Sea Bubble - Ch. 2: Too Big to Fail

Support us on Patreon! http://bit.ly/EHPatreon Watch the South Sea Bubble series! http://bit.ly/1xfVN9W Subscribe for new episodes every other Saturday! http://bit.ly/SubToEC Follow us on Facebook! http://bit.ly/ECFBPage Follow us on Twitter! http://bit.ly/ECTweet Follow us on Twitch! http://bit.y/ECTwitch ____________ Frustrated at every turn by the Whig-controlled Bank of England, Harley and Blunt decide to start their own instution: a trading company that will exchange government debt for stock shares.

Comments

Hayes

Hot DAMN I love this series. It's just kinda depressing that all this actually happened, but hey. We got a hell of a story out of it.

Iggy van Hoof

Another great episode! I'm sitting in awe at every twist and every idea that makes Blunt another million. I think it's most exciting than all the previous ones, just because it is all setting up to a major fall. Looking forward to the next one!

Dave Hoyt

WHAT ARE THE IDEAS!!?? I MUST KNOW!!

Teollinc

When this bubbles pop I see heads rolling

noah

I'm having a hard time trying to follow along myself. From what I understand the stocks themselves are worth nothing. Despite how much there being sold for. They don't have any way of backing up the stock with actual money. I think I'm not 100% on that.

ExtraCredits

You've actually got it 100% correct there. We've tried to break it down to make it as easy to understand as we could, but folks like John Blunt are (evil) masterminds and they were deliberately creating a confusing mess of investments because it kept other people from figuring out they were being lied to. So when something goes over your head, that's because it was designed to do so by Blunt and his ilk.

ExtraCredits

You can research and find out! <3 I'll only say that, reading the script, there was a moment when I read something, stopped for a minute, and then just put my head down on the desk for a while.

ExtraCredits

That's awesome to hear! Economic history is a bit of a departure from what we've done in the past but I'm glad you're enjoying it!