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South Sea Bubble

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noun
British history the financial crash that occurred in 1720 after the South Sea Company had taken over the national debt in return for a monopoly of trade with the South Seas, causing feverish speculation in their stocks
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Word Origin for South Sea Bubble

so named because the rapid expansion and sudden collapse of investment resembled the blowing up and bursting of a bubble
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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