It prompted Isaac Newton to say he calculated movements of the stars, not the madness of men.  It was brought on in part due to an erroneous belief the residents of present-day Latin America would give up precious resources in exchange for access to wool and fleece garments.  Alas, it was not noted that Philip V of Spain was only allowing one ship per year to access the Spanish colonies.  However, this did not daunt investors, who drove up prices in the namesake company to insane levels, thus severely damaging the economy when the stock price w
It prompted Isaac Newton to say he calculated movements of the stars, not the madness of men.  It was brought on in part due to an erroneous belief the residents of present-day Latin America would give up precious resources in exchange for access to wool and fleece garments.  Alas, it was not noted that Philip V of Spain was only allowing one ship per year to access the Spanish colonies.  However, this did not daunt investors, who drove up prices in the namesake company to insane levels, thus severely damaging the economy when the stock price went in the tank.  Starting when its namesake agreed to finance the English war debt after the Peace of Utrecht, this is, FTP, what English stock bubble of 1720?
It prompted Isaac Newton to say he calculated movements of the stars, not the madness of men.  
South Sea Bubble