David Rhys Grenfell collection 1898-1947
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Great Britain. Parliament. House of Commons
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The South Sea Company was founded in 1711 to trade with Spanish America, on the assumption that the War of the Spanish Succession would end with a treaty permitting such trade. The Treaty of Utrecht, 1713, was less favourable than had been hoped, but confidence in the Company remained artificially high. In 1720, there was an incredible boom in South Sea stock, as a result of the Company's proposal, accepted by parliament, to take over the national debt (South Sea Bubble). This eventually led to ...
Grenfell, D. R. (David Rhys), 1881-1968
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