Bubble Act
E1012590
The Bubble Act was a 1720 British law passed after the South Sea Bubble to restrict the formation of joint-stock companies and curb speculative financial schemes.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Bubble Act canonical | 1 |
Statements (30)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of Great Britain
ⓘ
British statute ⓘ |
| appliesTo |
England
NERFINISHED
ⓘ
Scotland NERFINISHED ⓘ Wales NERFINISHED ⓘ |
| country | Kingdom of Great Britain ⓘ |
| datePassed | 1720 ⓘ |
| effect |
discouraged speculative company promotions
ⓘ
limited creation of new joint-stock companies without royal charter or Act of Parliament ⓘ |
| enactedAfter | South Sea Bubble NERFINISHED ⓘ |
| field |
company law
ⓘ
economic history ⓘ financial regulation ⓘ |
| hasLanguage | English ⓘ |
| historicalPeriod | early 18th century ⓘ |
| impact | constrained development of corporate business forms in Britain ⓘ |
| isPartOf | British company law history ⓘ |
| jurisdiction | Parliament of Great Britain NERFINISHED ⓘ |
| legalForm | statute ⓘ |
| legalStatus | repealed ⓘ |
| mainSubject |
joint-stock companies
ⓘ
speculative financial schemes ⓘ |
| motivation |
desire to restore confidence in financial markets
ⓘ
public outcry over speculative bubbles ⓘ |
| purpose |
to curb speculative financial schemes
ⓘ
to restrict the formation of joint-stock companies ⓘ |
| regulates |
company formation
ⓘ
unincorporated joint-stock companies ⓘ |
| relatedTo |
South Sea Bubble
NERFINISHED
ⓘ
South Sea Company NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.