Thomas Levenson: The South Sea Bubble (1720)
In this episode of Travels Through Time, the writer Thomas Levenson guides us back to the scene of one the first and most devastating of all stock market crashes, an event that traumatised Georgian Britain: the South Sea Bubble.
Thomas Levenson is Professor of Science Writing at the Massachusetts Institute of Technology.
Scene One: 22 January, 1720: John Aislabie, Chancellor of the Exchequer, rises in the House of Commons to present the South Sea deal to the members.
Scene Two: A Sunday in May, 1720. Daniel Defoe goes to church and witnesses the ‘South Sea’ hysteria.
Scene Three: 20 December, 1720, the House of Commons. Robert Walpole decides the fate of the speculators.
Memento: A pocket watch made in the year 1720
Presenter: Peter Moore
Guest: Thomas Levenson
Editorial: Artemis Irvine
Producers: Maria Nolan
Titles: Jon O
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