The South Sea company chooses to present…
July 1719 CE
The South Sea company chooses to present the offer to the public in July 1719.
The Sword Blade Company arranges to spread a rumor that the Pretender himself has been captured, and the general euphoria encourages the South Sea share price to rise from one hundred pounds where it had been in the spring to one hundred and fourteen pounds.
Annuitants are still paid out at the same money value of shares, the company keeping the profit from the rise in value before issuing.
Approximately two thirds of the available annuities are exchanged.
People
Groups
Anglicans (Episcopal Church of England)
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France, (Bourbon) Kingdom of
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Bank of England (independent)
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Spain, Bourbon Kingdom of
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Britain, Kingdom of Great
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East India Company, British (United Company of Merchants of England Trading to the East Indies)
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South Sea Company, the
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