However, the organization at the heart of this event attempted to buy off the debt of Great Britain, and its (*) stock price became greatly inflated.
This event caused the political downfall of Charles Spencer, the 3rd Earl of Sunderland as well as the end of John Aislabie's career. Two generations of the Craggs family were also affected by this event, fears over which were assuaged by Robert Walpole. Similar to a scandal precipitated by the actions of (+) John Law, this event was made possible by an exclusive right to ship slaves to the Spanish colonies in America. However, the organization at the heart of this event attempted to buy off the debt of Great Britain, and its (*) stock price became greatly inflated. For 10 points, name this economic disaster caused by the namesake company's bubble.
This event caused the political downfall of Charles Spencer, the 3rd Earl of Sunderland as well as the end of John Aislabie's career.
{South Sea} Bubble (or Company)