British Government Cuts a Nifty Deal
Lecture no. 16 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 19 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Go back to 1713 and learn how the South Sea Company was able to persuade investors to exchange 9.1 million pounds of government debt for shares in its own company.