EventChanged this version
The South Sea Bubble
A joint-stock company offering nearly a hundred percent in return has seen its share price collapse. The company itself is not actually making anywhere near the profits it had promised, instead servicing its debt by making false promises to its owners.
Investors have been left ruined, losing thousands, and there is a marked increase in suicides. Widespread anger and discontent are rampant in the streets with the public demanding an explanation.
EnglandCountrydynamic historical event.tag
Capital Economy vs Traditional EconomySocietal Valuetrigger
Trade CompanySubject Typeoption 2, triggerDefinitionin_game/events/DHE/flavor_ENG.txt:21597
21598type = country_event
21600fire_only_once = yes
21602title = flavor_eng.215.title The South Sea Bubble
21603desc = flavor_eng.215.desc A joint-stock company offering nearly a hundred percent in return has seen its share price collapse. The company itself is not actually making anywhere near the profits it had promised, instead servicing its debt by making false promises to its owners.
Investors have been left ruined, losing thousands, and there is a marked increase in suicides. Widespread anger and discontent are rampant in the streets with the public demanding an explanation.
Investors have been left ruined, losing thousands, and there is a marked increase in suicides. Widespread anger and discontent are rampant in the streets with the public demanding an explanation.
21604outcome = neutral
21606dynamic_historical_event = {
}
21613trigger = {
}
21623illustration_tags = {
2162410 = angry
2162510 = exterior
}
21627immediate = {
}
21629root = {
21629save_scope_as = target_root_country
}
21631character:eng_robert_walpole ?= {
21632save_scope_as = robert_walpole
}
}
21701historical_info = flavor_eng.215.historical_info The South Sea Bubble was one of the earliest financial crashes in history. It began when a British joint stock company was created to consolidate, control, and reduce the national debt and to help Britain increase its trade and profits in the Americas. Speculation drove up the share price to unsustainable levels, and the share eventually collapsed to the ruin of thousands of investors.