Events with tag - Financial Scandal

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.

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.