Royal Exchange and London Assurance Corporation Act 1719 (commonly called Bubble Act)
E1012591
The Royal Exchange and London Assurance Corporation Act 1719, commonly called the Bubble Act, was a British law passed in the wake of the South Sea Bubble that restricted the formation of joint-stock companies without a royal charter or Act of Parliament.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Royal Exchange and London Assurance Corporation Act 1719 (commonly called Bubble Act) canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T12984294 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Royal Exchange and London Assurance Corporation Act 1719 (commonly called Bubble Act) Context triple: [Bubble Act 1720, alsoKnownAs, Royal Exchange and London Assurance Corporation Act 1719 (commonly called Bubble Act)]
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A.
Corporation Act 1661
The Corporation Act 1661 was a key Restoration-era English law that enforced Anglican conformity among municipal officials, forming a central component of the Clarendon Code’s religious and political settlement.
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B.
Bank of England Act 1694
The Bank of England Act 1694 is the foundational statute that established the Bank of England as the central bank of England and laid the legal framework for its governance and operations.
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C.
City of London (Various Powers) Acts
The City of London (Various Powers) Acts are a series of UK parliamentary statutes granting and updating special powers and governance arrangements for the City of London Corporation and its Lord Mayor.
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D.
Lloyd’s Act 1871
Lloyd’s Act 1871 is a UK statute that formally established the legal framework and corporate structure of the Lloyd’s of London insurance market.
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E.
Rebuilding of London Act 1666
The Rebuilding of London Act 1666 was a law passed after the Great Fire of London that set out regulations and standards for reconstructing the city, including street layouts and building materials, to improve safety and reduce fire risk.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Royal Exchange and London Assurance Corporation Act 1719 (commonly called Bubble Act) Target entity description: The Royal Exchange and London Assurance Corporation Act 1719, commonly called the Bubble Act, was a British law passed in the wake of the South Sea Bubble that restricted the formation of joint-stock companies without a royal charter or Act of Parliament.
-
A.
Corporation Act 1661
The Corporation Act 1661 was a key Restoration-era English law that enforced Anglican conformity among municipal officials, forming a central component of the Clarendon Code’s religious and political settlement.
-
B.
Bank of England Act 1694
The Bank of England Act 1694 is the foundational statute that established the Bank of England as the central bank of England and laid the legal framework for its governance and operations.
-
C.
City of London (Various Powers) Acts
The City of London (Various Powers) Acts are a series of UK parliamentary statutes granting and updating special powers and governance arrangements for the City of London Corporation and its Lord Mayor.
-
D.
Lloyd’s Act 1871
Lloyd’s Act 1871 is a UK statute that formally established the legal framework and corporate structure of the Lloyd’s of London insurance market.
-
E.
Rebuilding of London Act 1666
The Rebuilding of London Act 1666 was a law passed after the Great Fire of London that set out regulations and standards for reconstructing the city, including street layouts and building materials, to improve safety and reduce fire risk.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of Great Britain
ⓘ
British statute ⓘ economic regulation law ⓘ |
| affects |
British financial markets
ⓘ
corporate formation in Britain ⓘ |
| aimedToProtect |
established chartered companies from competition
ⓘ
public from speculative corporate schemes ⓘ |
| alsoKnownFor | being one of the earliest statutory interventions in securities markets ⓘ |
| appliesTo |
England
NERFINISHED
ⓘ
Scotland NERFINISHED ⓘ Wales NERFINISHED ⓘ |
| category |
Acts of the Parliament of Great Britain 1719
ⓘ
British company law ⓘ British economic history ⓘ |
| citationForm | 6 Geo. I c. 18 ⓘ |
| commonlyDescribedAs | response to speculative mania of the South Sea Bubble ⓘ |
| country | Kingdom of Great Britain ⓘ |
| grantsCharterTo |
London Assurance Corporation
NERFINISHED
ⓘ
Royal Exchange Assurance NERFINISHED ⓘ |
| hasAlias |
6 Geo. I c. 18
ⓘ
Bubble Act NERFINISHED ⓘ Bubble Act 1720 NERFINISHED ⓘ |
| hasNicknameOrigin | nickname "Bubble Act" derives from the South Sea Bubble ⓘ |
| historicalContext | early 18th-century financial speculation in Britain ⓘ |
| influenced | development of later British company legislation ⓘ |
| inForceStatus | repealed ⓘ |
| jurisdiction | Parliament of Great Britain NERFINISHED ⓘ |
| language | English ⓘ |
| laterInterpretedAs | general prohibition on unincorporated joint-stock companies ⓘ |
| longTermEffect |
constrained corporate development in the 18th and early 19th centuries in Britain
ⓘ
discouraged creation of new joint-stock companies in Britain ⓘ |
| motivatedByEvent | South Sea Bubble NERFINISHED ⓘ |
| partOf | British company law history ⓘ |
| passedBy | Parliament of Great Britain NERFINISHED ⓘ |
| primaryPurpose |
to grant charters to the Royal Exchange Assurance and the London Assurance Corporation
ⓘ
to restrict the formation of joint-stock companies without royal charter or Act of Parliament ⓘ |
| prohibits |
raising transferable stock by unchartered companies
ⓘ
unincorporated joint-stock companies from acting as corporate bodies ⓘ |
| regnalYear | 6 George I ⓘ |
| regulates | joint-stock companies ⓘ |
| repealedBy | Joint Stock Companies Act 1825 NERFINISHED ⓘ |
| requires |
Act of Parliament for formation of joint-stock companies
ⓘ
royal charter for formation of joint-stock companies ⓘ |
| royalAssentBy | King George I of Great Britain NERFINISHED ⓘ |
| subjectMatter |
insurance companies
ⓘ
stock-jobbing and financial speculation ⓘ |
| yearEnacted | 1719 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Royal Exchange and London Assurance Corporation Act 1719 (commonly called Bubble Act) Description of subject: The Royal Exchange and London Assurance Corporation Act 1719, commonly called the Bubble Act, was a British law passed in the wake of the South Sea Bubble that restricted the formation of joint-stock companies without a royal charter or Act of Parliament.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Bubble Act 1720
→
alsoKnownAs
→
Royal Exchange and London Assurance Corporation Act 1719 (commonly called Bubble Act)
ⓘ