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Did the price of South Sea Company stock increase when the British government accepted their proposal to assume the entire national debt?

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The government accepted this proposal, and the result was an incredible wave of speculation, which drove the price of the company's stock from £128 1/2 in Jan., 1720, to £1,000 in August.

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Get more facts and information about South Sea Bubble . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

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