PortCities London
UKBristolHartlepoolLiverpoolLondonSouthampton
You are here:  PortCities London home > The working Thames
Text Only About this Site Feedback
Explore this site
About maritime London
Early port
Tudor and Stuart port
18th-century port
19th-century port
20th-century port
People and places
Port communities
Crime and punishment
Leisure, health and housing
Thames art, literature and architecture
The working Thames
London's docks and shipping
Trades, industries and institutions
Port of science and discovery
Historical events
Ceremony and catastrophe
London in war and conflict
Fun and games
Things to do
Timeline games
Matching games
Send an e-card

To the honourable the Court of Directors of the South Sea Company. This piece being a representation of the fishery of Great Britain.

To the honourable the Court of Directors of the South Sea Company. This piece being a representation of the fishery of Great Britain.
To the honourable the Court of Directors of the South Sea Company. This piece being a representation of the fishery of Great Britain.
© National Maritime Museum, London
Repro ID: PX6946
Description: When the South Sea Company was establised in 1711, it was hoped that it would challenge the financial strength of the Bank of England and the East India Company regarding the provision of loans for the government to support the national debt. The company had a monopoly on trade with all Spanish territories, South America and the west coast of North America. In 1713, the Company received the right to supply slaves to the Spanish colonies. In 1720, the government encouraged investors to trade government stocks for South Sea Company shares and as these boomed, more and more people speculated in them, and the share price became higher. In July 1720, with company shares at a vastly inflated, unrealistic and unsustainable level, the share price and confidence in the South Sea Company collapsed.
Creator: Thomas Baston
Date: c.1721
Credit line: National Maritime Museum, London
*
*
8
National Maritime Museum/Royal Observatory GreenwichNew Opportunities Fund 
Legal & CopyrightPartner sites:BristolHartlepoolLiverpoolSouthamptonAbout this SiteFeedbackText Only