England: South Sea Bubble IV - The Bubble Pops - Ext...Extra Credits
- Video description
- 5 years ago
- 1,026,298 views
- 13,574 likes
- 513 comments
Watch the South Sea Bubble series! http://bit.ly/1xfVN9W
Subscribe for new episodes every other Saturday! http://bit.ly/SubToEC
Follow us on Facebook! http://bit.ly/ECFBPage
Follow us on Twitter! http://bit.ly/ECTweet
Follow us on Twitch! http://bit.y/ECTwitch
With the South Sea Company's value dangerously inflated, Blunt drives one more scheme to raise stock prices - and it finally backfires on him. Early investors (including the famous politician Robert Walpole) seize the opportunity to sell their stock while the value is high, and the general public finally realizes that the South Sea Company has no actual worth. Everyone who didn't sell their stock in the first round finds themselves suddenly bankrupt as the stock value plummets. Even King George, on vacation when disaster strikes, loses a large amount of the royal fortune. Robert Walpole, however, sees this as an opportunity to make himself a hero of the public. Hiding his own involvement in the South Sea Swindle, he cancels all debts owed for the company's stock to help put its public investors back on their feet. Despite this, the public demands an inquiry and Walpole must walk a thin line between his facade as defender of the people and the reality of his, his party, and the King's blatant corruption.
Get the intro music here!
*Music by Demetori: http://bit.ly/1AaJG4H
Listen to the outro music here!
Extra History - Rome: The Punic Wars I
The First Punic War: http://bit.ly/ExtraHistory
Extra Credits - What the Future Really Holds for Games
Four Realistic Predictions: http://bit.ly/1Dr7jp9
- Related videos