Started by Wanjiru Kamau (@wanjiru_k) ·
1720 was a terrible year to have savings in Europe
London and Paris had their bubbles pop in the same year: the South Sea Company in Britain, John Law's Mississippi scheme in France. Newton supposedly sold early at a profit, then bought back in near the top and lost a fortune.
6 sources · 47 min down the hole
How I got here
- Started with
- “south sea bubble isaac newton lost money”
- Ended at
- Bubble Act
The Trail
- “south sea bubble isaac newton lost money” (google.com)
- South Sea Company (en.wikipedia.org)
- Isaac Newton (en.wikipedia.org)
the 'madness of people' quote is secondhand at best
- John Law (economist) (en.wikipedia.org)
- John Law's Company (en.wikipedia.org)
- Bubble Act (en.wikipedia.org)
passed in the middle of the mania, partly at the South Sea Company's urging, to squash rival schemes
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