[South Sea Company]:

$2,850 · Offered by William Reese Company

[COLLECTION OF BRITISH ACTS, INCLUDING TWO RELATING TO THE FINANCIALLY DEVASTATING SOUTH SEA BUBBLE, AS WELL AS ACTS PUNISHING THE LEADERS OF THE ATTERBURY PLOT, WHICH SOUGHT TO OVERTHROW KING GEORGE ... This volume bears the bookplate on the front pastedown of Lewis Morris (1671–1746), chief justice of New York and the first governor of New Jersey. The bookplate features the Morris family coat of arms and their motto: "Tandem Vincitur."Present herein are thirty-one British Acts passed during the first session of the Parliament of 1722–23 (the ninth year of the reign of George I), lacking only the lengthy Act for a British Land Tax, which is paginated 7-286 (British acts of this period, although issued separately, were paginated continuously). Among the most significant acts present are two pertaining to the South Sea Company. Founded in 1711 as a joint-stock company, its stock rose quickly and to dizzying heights before the bubble burst, sending the stock crashing in 1720. The speculation mania ruined many English investors, and was the greatest financial crisis and public scandal in English history. The two acts contained herein were an attempt by Robert Walpole to manage the economic crisis, which not only resulted in a large number of bankruptcies, but made the ministry very unpopular. They are "An Act for Reviving and Adding Two Millions to the Capital Stock of the South-Sea Company..." and "An Act for further Enlarging the Times for Entering, Hearing, and Determining Cl

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