It was supposed to rely on the navío de permiso, which allowed it to send one trade ship a year to certain cities.
Edward Harley and John Blunt came up with the idea for this company, which was later promoted by James Craggs the Elder. It was supposed to rely on the navío de permiso, which allowed it to send one trade ship a year to certain cities. It also took advantage of the Asiento, as granted by the Treaty of Utrecht after the War of the Spanish Succession, and swapped bonds for national debt. Robert Walpole became Prime Minister to try to solve, for 10 points, the crisis associated with what joint-stock company trading in South America?
Edward Harley and John Blunt came up with the idea for this company, which was later promoted by James Craggs the Elder.
{South Sea} Company [accept {South Sea} Bubble]