New Markets
Friday, 7/3, 10:46 PM
The South Sea Bubble of 1720: The Mania That Even Caught Out Isaac Newton
- In 1720, shares in Britain's South Sea Company rocketed from about £128 to £1,000 in months — then collapsed, wiping out fortunes and reportedly catching Isaac Newton himself.
- Three centuries on, it remains the archetype of financial mania and the reason we still call bubbles 'bubbles.'