Bubble Act 1720
E321727
The Bubble Act 1720 was a British law passed to curb speculative financial schemes and unchartered joint-stock companies in the wake of the South Sea Bubble crisis.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Bubble Act 1720 canonical | 1 |
| Financial Revolution in England | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T3026675 — 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.
Target entity: Bubble Act 1720 Context triple: [South Sea Bubble, legislativeResponse, Bubble Act 1720]
-
A.
South Sea Bubble
The South Sea Bubble was an infamous early 18th-century British financial crash triggered by speculative frenzy in the South Sea Company’s stock, leading to massive investor losses and major political scandal.
-
B.
Tulip mania
Tulip mania was a famous 17th-century Dutch financial bubble in which speculation drove tulip bulb prices to extreme heights before they suddenly collapsed.
-
C.
The British Debt Case
The British Debt Case is a landmark 1796 U.S. Supreme Court decision that addressed the payment of pre-Revolutionary War debts owed to British creditors and helped establish the supremacy of federal treaties over conflicting state laws.
-
D.
Drapier's Letters
Drapier's Letters is a series of politically charged pamphlets by Jonathan Swift, written under the pseudonym "M. B. Drapier" to oppose the imposition of debased coinage in Ireland and assert Irish rights against English authority.
-
E.
Third Report on the Public Credit
Third Report on the Public Credit is Alexander Hamilton’s influential 1791 Treasury report to the U.S. Congress advocating federal support for manufacturing and industrial development as key to the nation’s economic strength.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: Bubble Act 1720 Target entity description: The Bubble Act 1720 was a British law passed to curb speculative financial schemes and unchartered joint-stock companies in the wake of the South Sea Bubble crisis.
-
A.
South Sea Bubble
The South Sea Bubble was an infamous early 18th-century British financial crash triggered by speculative frenzy in the South Sea Company’s stock, leading to massive investor losses and major political scandal.
-
B.
Tulip mania
Tulip mania was a famous 17th-century Dutch financial bubble in which speculation drove tulip bulb prices to extreme heights before they suddenly collapsed.
-
C.
The British Debt Case
The British Debt Case is a landmark 1796 U.S. Supreme Court decision that addressed the payment of pre-Revolutionary War debts owed to British creditors and helped establish the supremacy of federal treaties over conflicting state laws.
-
D.
Drapier's Letters
Drapier's Letters is a series of politically charged pamphlets by Jonathan Swift, written under the pseudonym "M. B. Drapier" to oppose the imposition of debased coinage in Ireland and assert Irish rights against English authority.
-
E.
Third Report on the Public Credit
Third Report on the Public Credit is Alexander Hamilton’s influential 1791 Treasury report to the U.S. Congress advocating federal support for manufacturing and industrial development as key to the nation’s economic strength.
- F. None of above. chosen
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of Great Britain
ⓘ
British statute ⓘ |
| aimedAt |
fraudulent or dubious investment projects
ⓘ
speculative stock-jobbing schemes ⓘ |
| alsoKnownAs | Royal Exchange and London Assurance Corporation Act 1719 (commonly called Bubble Act) ⓘ |
| appliesTo | joint-stock companies ⓘ |
| background | speculative boom in South Sea Company shares ⓘ |
| cause | South Sea Bubble ⓘ |
| country | Kingdom of Great Britain ⓘ |
| dateEnacted | 1720 ⓘ |
| dateRepealed | 1825 ⓘ |
| effect |
aimed to restore confidence after South Sea Bubble crash
ⓘ
limited legal avenues for incorporation ⓘ restricted corporate formation in Britain ⓘ |
| enactedBy | Parliament of Great Britain ⓘ |
| enforcementMechanism | criminal penalties for unauthorized corporate activity ⓘ |
| governs | creation of companies with transferable shares ⓘ |
| historicalPeriod | early 18th century ⓘ |
| impactOnLaw | delayed development of general incorporation in Britain ⓘ |
| inForceUntil | early 19th century ⓘ |
| jurisdiction | Great Britain ⓘ |
| language | English ⓘ |
| legacy |
influenced later British company legislation
ⓘ
often cited as an early example of financial market regulation ⓘ |
| legalForm | statute ⓘ |
| legalStatus | repealed ⓘ |
| locationOfPassage |
City of Westminster
ⓘ
surface form:
Westminster
|
| motivatedBy |
government desire to control capital markets
ⓘ
public outcry over financial speculation ⓘ |
| prohibits |
establishing companies without royal charter or Act of Parliament
ⓘ
unincorporated joint-stock companies from raising transferable shares ⓘ |
| purpose |
to curb speculative financial schemes
ⓘ
to restrict formation of unchartered joint-stock companies ⓘ |
| regulates |
formation of joint-stock companies
ⓘ
public subscription for company shares without royal charter ⓘ |
| relatedTo |
British South Sea Company
ⓘ
surface form:
South Sea Company
financial bubbles ⓘ history of corporate law in the United Kingdom ⓘ |
| repealedBy | Joint Stock Companies Act 1825 ⓘ |
| requires | royal charter or Act of Parliament for incorporation ⓘ |
| shortName | Bubble Act ⓘ |
| signedBy |
George I of Great Britain
ⓘ
surface form:
King George I of Great Britain
|
| subjectMatter |
company law
ⓘ
financial regulation ⓘ securities and share trading ⓘ |
| typeOfRegulation | ex ante restriction on company formation ⓘ |
How these facts were elicited
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Subject: Bubble Act 1720 Description of subject: The Bubble Act 1720 was a British law passed to curb speculative financial schemes and unchartered joint-stock companies in the wake of the South Sea Bubble crisis.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.