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When did the South Sea Company propose to assume responsibility for national debt?

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Nonetheless, it was active financially, and in 1720 it proposed that it should assume responsibility for the entire national debt, again offering its own stock in exchange for government bonds, a transaction on which it expected to make a considerable profit.

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Similar questions: What company proposed to assumed responsibility for the entire national debt of England in 1720? In what year did the South Sea Company propose to assume responsibility for the national debt? [ Hide these questions ]

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