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The First Ponzi Scheme- The South Sea Company

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Manage episode 439769206 series 2979747
Content provided by White Collars, Red Hands, White Collars, and Red Hands. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by White Collars, Red Hands, White Collars, and Red Hands or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This week we travel back to England at the turn of the 18th century when economic theory was in its infancy, which meant so too was the art of market manipulation. The South Sea Company and its evil mastermind John Blunt were meant to lend money to the government while making millions in trade to the Spanish New World. What happened though was a string of shams that would change the English government forever.

  continue reading

198 episodes

Artwork
iconShare
 
Manage episode 439769206 series 2979747
Content provided by White Collars, Red Hands, White Collars, and Red Hands. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by White Collars, Red Hands, White Collars, and Red Hands or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This week we travel back to England at the turn of the 18th century when economic theory was in its infancy, which meant so too was the art of market manipulation. The South Sea Company and its evil mastermind John Blunt were meant to lend money to the government while making millions in trade to the Spanish New World. What happened though was a string of shams that would change the English government forever.

  continue reading

198 episodes

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