Monday, Mar 12, 2007
It took over a century for Britain to recover from the South Sea Bubble
Stock Market Crash.com: South Sea Bubble - The Enron of England
The issuing of shares was outlawed to prevent any future bubbles. This law was in effect until 1825. Despite all of the efforts of the government, Britain’s economy was in shambles. The economy didn’t fully recover until one century later. Several generations were adversely affected by the stock market crash. The corporate management con artists fled to other countries with their fortunes.
Every bubble and market crash has the same important elements. Greed and unrealistic expectations will continue to foul people’s judgment as it always has
Posted by lvmreader @ 09:52 PM (146 views) Add Comment
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