1720 - 2020: South Sea Bubble... #300años

Hace un tiempo, en una serie de posts sobre crisis presenté este hito histórico de los fracasos de mercado, que marcó una época y trasciende todavía significativamente los siglos. Las opiniones de conocedores son contestes en aclarar que el impacto histórico se debe a que fue la primera en que tantas cosas mal hechas convergieron por primera vez, generando - por supuesto - graves daños patrimoniales, aunque comparativamente no se pude afirmar hoy que haya sido la más importante en volumen.

Mi post del año 2017: https://derechocomercialbeatrizbugallo.blogspot.com/2017/07/siglo-xviii-y-la-bubble-south-sea.html
Ahí lo explico.

Quiero destacar que se cumplen 300 años en estos días (fue en el verano europeo del 1720...), porque en varios blogs y posts de redes se está recordando.
Especialmente en asociación con estos tiempos de Pandemia y tantas sombras en la economía y en los mercados.

Y revisando la red al respecto encontré material interesante para quienes hoy estén mirando este blog.

Al lado, imagen: gráfica correspondiente a la sociedad involucrada.


https://www.youtube.com/watch?v=rfZ4OZNhAJ8




¡¡Y también está el video sobre la South See Bubble en versión comic!!
Se trata de una serie de video-comics muy detallado sobre la historia de la crisis y sus protagonistas, tanto de la South Sea company, como desde el gobierno.

https://www.youtube.com/watch?v=k1kndKWJKB8



2da Parte: https://www.youtube.com/watch?v=Fsk6oZm1EEA

3ra Parte: https://www.youtube.com/watch?v=1vcF5rebN20

4ta Parte: https://www.youtube.com/watch?v=SIlnsP6AjP8

5ta Parte: https://youtu.be/a_1IpUCUuVc

De igual autoría, otro video crítico sobre la SSB y la información trascendida históricamente.
England: South Sea Bubble - Lies - Extra History
https://www.youtube.com/watch?v=NqeXXzKTzRU

Recursos online, relevantes específicos del tema:
https://www.library.hbs.edu/hc/ssb/index.html

http://ieg-ego.eu/en/threads/european-media/european-media-events/helen-j-paul-the-south-sea-bubble-1720/

https://discovery.ucl.ac.uk/id/eprint/12397/

Otros links

https://www.britannica.com/event/South-Sea-Bubble

https://www.historic-uk.com/HistoryUK/HistoryofEngland/South-Sea-Bubble/


Es muy interesante el sitio web: The Bubble Bubble, https://www.thebubblebubble.com/
“The Bubble Bubble is produced by economic analyst and Forbes contributor Jesse Colombo.”
Relata precisamente características de las crisis históricas, las burbujas de la Historia y también presenta las que están “en curso”...

“Here is the list of dangerous economic bubbles that I am warning about:
The U.S. stock market bubble
U.S. Housing Bubble 2.0
The U.S. commercial real estate bubble
The global property bubble
The U.S. higher education bubble
The U.S. auto loan bubble
The U.S. healthcare bubble
The U.S. restaurant bubble
The tech startup bubble
The global bond bubble
The derivatives bubble
The ETF and passive indexing bubble
China’s housing bubble and debt bubble
The emerging markets bubble
The commodities bubble
Canada’s housing bubble and debt bubble
Australia’s housing bubble and debt bubble
New Zealand’s housing bubble
The art, wine, and spirits bubble”


https://www.thebubblebubble.com/south-sea-bubble/
Del que trasncribo dos párrafos sobre “el origen de todo”:
“The South Sea Company was founded in 1711 by the Lord Treasurer Robert Harley and John Blunt, the former director of the Sword Blade Company. During this time, most of the Americas were being colonized and Europeans used the term "South Seas" to refer to South America and other lands located in the surrounding waters. Robert Harley was responsible for creating a mechanism used to fund the British government’s debt that was being incurred during the ongoing War of Spanish Succession of 1701-1713. Due to the fact that the Bank of England’s charter established itself as the only joint stock bank, Harley was unable to establish a bank. Undeterred, Harley established what appeared to be a trading company, but the company’s primary business activity was funding government debt (Melville, 1968).
The British government believed that offering exclusive trading rights with Spain’s colonies would be an effective incentive to convince the private sector to assume the government’s war debts. The South Sea Company’s founders and the government were able to convince shareholders to assume a total of £10 million in short-term government debt in exchange for South Sea Company shares. In return, the government gave shareholders a continual annuity, paying a total of £576,534 each year, or a perpetual loan of £10 million at a 6% yield. This deal resulted in a steady stream of earnings for new shareholders. The government intended to fund interest payments by placing tariffs on goods that were imported from South America (Carruthers, 2005).”