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ID number:978581
 
Evaluation:
Published: 12.01.2016.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

The author reports on United kingdom in 18th century. South Sea Company was founded in 1711 to trade with Spanish America. Many people saw this as a good investment and started to buy shares. The company overestimated its market and after nine years running collapsed. Pepople who expected to make a lot of easy money, ended up loosing it. It begun a economic depression in the country.…

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