The Bubble Act: Its Passage and Its Effects on Business Organization

  title={The Bubble Act: Its Passage and Its Effects on Business Organization},
  author={R. Harris},
  journal={The Journal of Economic History},
  • R. Harris
  • Published 1994
  • Economics
  • The Journal of Economic History
  • By surveying contemporary sources this article reveals direct evidence for the involvement of the South Sea Company in the passage of the Bubble Act. The dominant position of the Company and of its national debt conversion scheme in the affairs of England in 1720 support the conclusion that the act was in fact a piece of special-interest legislation for the Company. The short-term interest that motivated the enactment, together with the limited legal and economic effects of the act, minimized… CONTINUE READING
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