Charles Mackay's book (*)
One of these events that took place in Brazil in the late 19th century was called the Encilhamento, which literally means "saddling up." Some historians consider the Kipper und Wipper period during the Thirty Years' War to be the first event of this type. Charles Mackay's book (*) Extraordinary Popular Delusions and the Madness of Crowds begins by discussing three of these events. John Law caused one of these events by exaggerating the wealth of the Louisiana colony. Robert Walpole dealt with another of these events as First Lord of the Treasury. For 10 points, name these events often caused by economic speculation, which include ones named after the Mississippi and South Sea companies.
One of these events that took place in Brazil in the late 19th century was called the Encilhamento, which literally means "saddling up."
economic bubbles (accept speculative manias; accept Mississippi Bubble or South Sea Bubble)