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England: South Sea Bubble - The Sharp Mind of John Blunt - Extra History - Part 1

Extra History
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3.3M views 10 years ago Extra History | ALL EPISODES
📜 England's South Sea Bubble - Part 1 - Extra History When Robert Harley steps in as England's new Chancellor of the Exchequer, he discovers that not only is the government deeply in debt, but no one knows quite how much debt it owes. Because vicious political infighting between the Tory and Whig politic parties made it difficult to pass new tax laws, Harley turned to a private financier named John Blunt to help find enough money for England to keep up with its expenses for the year. Using Harley's government resources, Blunt instigated a series of get-rich schemes that drove artificial demand for unsustainable land and lottery investments with tremendous short term gains. Before the year was done, Blunt had successfully covered the shortfall for the government that year - albeit at the cost of driving England's already outrageous debt even higher.  …...more
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England: South Sea Bubble - The Sharp Mind of John Blunt - Extra History - Part 1
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3,301,309Views
2015Feb 28
📜 England's South Sea Bubble - Part 1 - Extra History When Robert Harley steps in as England's new Chancellor of the Exchequer, he discovers that not only is the government deeply in debt, but no one knows quite how much debt it owes. Because vicious political infighting between the Tory and Whig politic parties made it difficult to pass new tax laws, Harley turned to a private financier named John Blunt to help find enough money for England to keep up with its expenses for the year. Using Harley's government resources, Blunt instigated a series of get-rich schemes that drove artificial demand for unsustainable land and lottery investments with tremendous short term gains. Before the year was done, Blunt had successfully covered the shortfall for the government that year - albeit at the cost of driving England's already outrageous debt even higher. Interested in sponsoring an episode? Email us: extracredits@standard.tv TWITTER: http://bit.ly/ECTweet I FACEBOOK: http://bit.ly/ECFBPage INSTAGRAM: http://bit.ly/ECisonInstagram I TIKTOK: https://bit.ly/ECtiktokz GAMING:    / @extracredits   I TWITCH: https://bit.ly/ECtwitch Miss an episode in our South Sea Bubble Series? Part 1 -    • England: South Sea Bubble - The Sharp...   Part 2 -    • England: South Sea Bubble - Too Big t...   Part 3 -    • England: South Sea Bubble - Buying Ou...   Part 4 -    • England: South Sea Bubble - The Bubbl...   Part 5 -    • England: South Sea Bubble - It Was Wa...   Series Wrap-up & Lies Episode -    • England: South Sea Bubble - Lies - Ex...   Thanks for the high-quality conversations & for following our community guidelines here: https://bit.ly/ECFansRNice Artist: David Hueso I Writer: James Portnow I Voice: Daniel Floyd I Editor: Carrie Floyd ♪ Extra History Theme by Sean & Dean Kiner I ♪ Music by Demetori: http://bit.ly/1EQA5N7 #ExtraHistory #SouthSeaBubble #History
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Extra History

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Extra History

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