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Explore England: South Sea Bubble - The Sharp Mind of John Blunt - Extra History - Part 1 with 3,421,852 views, 46,852 likes, and 2,194 comments. Experience the impact of this video content that has captured audience attention.

📜 England's South Sea Bubble - Part 1 - Extra History When Robert Harley steps in as England's new Chancellor of the Exchequer, he discovers that not only is the government deeply in debt, but no one knows quite how much debt it owes. Because vicious political infighting between the Tory and Whig politic parties made it difficult to pass new tax laws, Harley turned to a private financier named John Blunt to help find enough money for England to keep up with its expenses for the year. Using Harley's government resources, Blunt instigated a series of get-rich schemes that drove artificial demand for unsustainable land and lottery investments with tremendous short term gains. Before the year was done, Blunt had successfully covered the shortfall for the government that year - albeit at the cost of driving England's already outrageous debt even higher. * Watch Extra History ad-free & get 1-week early access on *NEBULA* https://go.nebula.tv/extrahistory * Suggest & Vote on our next episodes, get exclusive content & 24-hour early access on *PATREON* https://bit.ly/EHPatreon * Show off your fandom with *MERCH* from our store! http://extracredits.store/ *Interested in sponsoring an episode?* Email us: [email protected] TWITTER: http://bit.ly/ECTweet I FACEBOOK: http://bit.ly/ECFBPage INSTAGRAM: http://bit.ly/ECisonInstagram I TIKTOK: https://bit.ly/ECtiktokz GAMING: https://www.youtube.com/@extracredits I TWITCH: https://bit.ly/ECtwitch *Miss an episode in our South Sea Bubble Series?* Part 1 - https://youtu.be/k1kndKWJKB8 Part 2 - https://youtu.be/Fsk6oZm1EEA Part 3 - https://youtu.be/1vcF5rebN20 Part 4 - https://youtu.be/SIlnsP6AjP8 Part 5 - https://youtu.be/a_1IpUCUuVc Series Wrap-up & Lies Episode - https://youtu.be/NqeXXzKTzRU Thanks for the high-quality conversations & for following our community guidelines here: https://bit.ly/ECFansRNice Artist: David Hueso I Writer: James Portnow I Voice: Daniel Floyd I Editor: Carrie Floyd ♪ Extra History Theme by Sean & Dean Kiner I ♪ Music by Demetori: http://bit.ly/1EQA5N7 #ExtraHistory #SouthSeaBubble #History

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