It eventually forced the 3rd Earl of Sunderland, Charles Spencer, out of office. This event inspired the street ballad "Every fool aspired to be a knave" and drew comparison to the Trojan Horse by the second Earl Cowper. It involved a rumor of Earl Stanhope's reception of overtures. James Craggs and his son John were both tried for this event, and through a Parliamentary inquiry, John Aislabie was expelled for his involvement with it. Madam von Platen and the Duchess of Kendal's bribe-taking helped pass a measure by whi
It eventually forced the 3rd Earl of Sunderland, Charles Spencer, out of office. This event inspired the street ballad "Every fool aspired to be a knave" and drew comparison to the Trojan Horse by the second Earl Cowper. It involved a rumor of Earl Stanhope's reception of overtures. James Craggs and his son John were both tried for this event, and through a Parliamentary inquiry, John Aislabie was expelled for his involvement with it. Madam von Platen and the Duchess of Kendal's bribe-taking helped pass a measure by which the entity responsible for it assumed the British national debt. That entity, established by Robert Harley, excited Exchange Alley investors with its promise of abundant wealth with zero taxes from Philip V, despite being limited to one vessel after the Treaty of Utrecht. For 10 points, name this 1720 British speculation crisis.
It eventually forced the 3rd Earl of Sunderland, Charles Spencer, out of office.
South Sea Bubble