Events with tag - Financial Crisis

June 10, 1715

Arrest of Robert Harley

Robert Harley, 1st Earl of Oxford, was arrested and imprisoned in the Tower of London for alleged corruption and treason related to the South Sea Company scandal, marking a dramatic fall from grace for the former Lord High Treasurer.

September 6, 1717

Mississippi Company

A French colonial trading company founded by John Law in 1717, granted exclusive trading rights in Louisiana Territory by King Louis XV. It experienced rapid growth before collapsing in 1720 during the Mississippi Bubble crisis.

January 22, 1718

King George I Becomes South Sea Company Governor

King George I was appointed Governor of the South Sea Company in 1718, marking a significant moment that led to one of history's most notorious financial scandals. His appointment initially brought unprecedented growth but ultimately contributed to the devastating South Sea Bubble crash of 1720.

April 7, 1720

South Sea Bubble Financial Crisis

In 1720, John Blunt's ambitious conversion scheme to transform £31 million of British government debt into South Sea Company shares led to one of history's most notorious financial crashes. The stock price soared from £128 to £1,050 before collapsing to £150, devastating Britain's economy.

May 1, 1720

The Mississippi Bubble

The Mississippi Bubble of 1720 was one of history's first major financial crashes, occurring when John Law's speculative banking scheme and the Mississippi Company's shares collapsed, devastating the French economy.

June 24, 1720

South Sea Bubble Peak and Collapse

The South Sea Company's stock reached an astronomical peak of £1,050 per share before catastrophically collapsing to £124, marking one of history's most significant financial crashes and reshaping Britain's financial system.

September 2, 1720

South Sea Bubble Crash

The South Sea Bubble of 1720 was one of history's most notorious financial disasters, when shares of the South Sea Company plummeted from £1,050 to below £200 in weeks, causing widespread economic panic and leading to major financial reforms in Britain.

October 29, 1929

Great Depression Begins

The Great Depression began with Black Tuesday on October 29, 1929, when the stock market crashed, leading to the most severe economic downturn in modern history. The crisis spread globally, causing widespread unemployment, mass poverty, and profound social changes that would reshape society for decades.