South Sea Bubble PoDs

What are some good PoDs, with what kind of AH potential, in the events surrounding the South Sea Bubble? Some that come to my mind:

  • What if the Bank of England had been more willing to lend to the Tory government?
  • What if Britain got a better peace with Spain, allowing the South Sea Company to make money with actual trade?
  • What if Robert Walpole had been implicated in the scandal?
 
I'm not sure I see any lasting impact of the South Sea Bubble? It was a crisis like a lot of other crisis (granted, one of the first) and its trade role and importance was later given to the East India Company.

Could you maybe expand on possible implications of any PoD?
 
Could you maybe expand on possible implications of any PoD?

Well, let's take Robert Walpole getting caught up in the scandal -- to start with, he went on to become the first "Prime Minister", essentially defining the position in British government. Also, the sense I got from my introduction was that King George I, the Whig elite (in addition to the Tories) and Robert Walpole all could have been implicated in a scandal and become targets of public outrage. Now, I'll admit I'm having trouble imagining the details, but you have to admit this would put the British government (the still fairly young House of Hanover, etc) in a very tenuous position.
 
Could it lead to the disappearance of the fairly young share market as a finance form?
No more anonymous shares anymore, maybe a different type of State debt management? Sorry I'm a bit vague about English policies of the time, I shall check the videos and come back to ya :p
 
Well, the bubble burst around the time John Laws was doing his best to inadvertently bankrupt France with the Mississippi company. Possibly if the South Sea Company lasts a bit longer, than the lesson the French draw from their debacle is that they had a terrible financier, rather than the problem being with modern finance itself.
If France goes through the eighteenth century with a Bank of France, it's history could be rather different.
 
Well, the bubble burst around the time John Laws was doing his best to inadvertently bankrupt France with the Mississippi company. Possibly if the South Sea Company lasts a bit longer, than the lesson the French draw from their debacle is that they had a terrible financier, rather than the problem being with modern finance itself.
If France goes through the eighteenth century with a Bank of France, it's history could be rather different.

Years ago I asked what earlier paper money in France would mean, but few people were interested :(
 
Years ago I asked what earlier paper money in France would mean, but few people were interested :(

One of my favourite little anecdotes about the Revolution is Calonne setting up a press in Flanders to flood France with counterfeit paper notes, then abandoning it when he realised that he couldn't actually keep up with the real rate of inflation.
 
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