Hindsight 1720: What Can We Learn From The South Sea Bubble
2020 marked the 300th anniversary of the South Sea Bubble. On August 22, 1720, following the wild bull run from 128 pounds to over 1,000 pounds per share, the fourth and final share subscription of the South Sea Company took place. It proved to be the tipping point of the South Sea Bubble. Many attempted to become wealthy through the stock. Most failed.