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The crash the bankrupted Britain

September 1
35 mins

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Episode Description

Professor Hannah Greig and Ellie Cawthorne revisit the world’s first major financial crash: the South Sea Bubble of 1720

In 1720, would-be speculators were in a frenzy over an irresistible new investment opportunity. Everyone from bankers and barons to ordinary housewives rushed to buy South Sea Company stock, sold on the idea that this was a get-rich-quick scheme that couldn’t go wrong. But, before long, the bubble burst. In this episode of History’s Greatest Scandals, Professor Hannah Greig and Ellie Cawthorne uncover a story of greed, risk and delusion in the world’s first major financial crash.

History’s Greatest Scandals is produced by the team behind BBC History Magazine. For more fascinating stories from the past, head to HistoryExtra, the home of ‘History’s Greatest’ podcasts. There you can find other feeds including History’s Greatest Cities, History’s Greatest Conspiracy Theories, History’s Greatest Battles and HistoryExtra LongReads. Find out more at ⁠historyextra.com/podcast⁠.

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This episode was hosted by Ellie Cawthorne and produced by Jack Bateman.

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