In 1720 speculation in a company's stock on the British stock market led to financial ruin for many investors; what was the event known as?
Emblematical Print on the South Sea Scheme run up by England during the war. Speculation in the company's stock led to a great economic bubble in 1720, with company's shares rising rapidly in price from around £100 to over £1,000. Many investors were ruined when the bubble burst and the value of stock in the South Sea Company crashed. Political scandal ensued when fraud among the company's directors and corruption of cabinet ministers became clear. The event triggered several satirical engravings by foreign artists that were widely published in English newspapers, including in particular a version of "A Monument Dedicated to Posterity" by Bernard Picart adapted by
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