Monday, March 12, 2007

It took over a century for Britain to recover from the South Sea Bubble

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 (461 views)
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