
The South Sea Bubble
In Our Time: History
12/20/12
•41m
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Melvyn Bragg and his guests discuss The South Sea Bubble, the speculation mania in early 18th-century England which ended in the financial ruin of many of its investors. The South Sea Company was founded in 1711 with a view to restructuring government debt and restoring public credit. The company would ostensibly trade with South America, hence its name; and indeed, it did trade in slaves for the Spanish market even after the Bubble burst in 1720.
People from all walks of life bought shares in the South Sea Company, from servants to gentry, and it was said the entire country was gripped by South Sea speculation mania. When the shares crashed and the company collapsed there was a public outcry and many people faced financial ruin, although some investors sold before the crash and made substantial amounts of money. For example, the bookseller Thomas Guy made his fortune and founded a hospital in his name the following year.
But how did such a financial crisis develop and were there any lessons learnt following this early example of a stock market boom and bust?
With:
Anne Murphy Senior Lecturer in History at the University of Hertfordshire
Helen Paul Lecturer in Economics and Economic History at the University of Southampton
Roey Sweet Head of the School of History at the University of Leicester
Producer: Natalia Fernandez.
Previous Episode

The Borgias
November 22, 2012
•41m
Melvyn Bragg and his guests discuss the Borgias, the most notorious family in Renaissance Italy. Famed for their treachery and corruption, the Borgias produced two popes during their time of dominance in Rome in the late 15th century. The most well-known of these two popes is Alexander VI, previously Cardinal Rodrigo Borgia. He was accused of buying votes to elect him to the papacy and openly promoted his children in positions of power. Rodrigo's daughter, Lucrezia, is widely remembered as a ruthless poisoner; his son, Cesare, as a brutal soldier.
Murder, intrigue and power politics characterised their rule, but many of the stories now told about their depraved behaviour and evil ways emerged after their demise and gave rise to the so-called 'Black Legend'. The sullied reputation of the Borgia dynasty endures even today and their lives have provided a major theme for plays, novels and over forty films.
With:
Evelyn Welch Professor of Renaissance Studies at Queen Mary, University of London
Catherine Fletcher Lecturer in Public History at the University of Sheffield
Christine Shaw Honorary Research Fellow at Swansea University
Producer: Natalia Fernandez.
Next Episode

The War of 1812
January 31, 2013
•42m
Melvyn Bragg and his guests discuss the War of 1812, the conflict between America and the British Empire sometimes referred to as the second American War of Independence. In June 1812, President James Madison declared war on Britain, angered by the restrictions Britain had imposed on American trade, the Royal Navy's capture of American sailors and British support for Native Americans. After three years of largely inconclusive fighting, the conflict finally came to an end with the Treaty of Ghent which, among other things, helped to hasten the abolition of the global slave trade. Although the War of 1812 is often overlooked, historians say it had a profound effect on the USA and Canada's sense of national identity, confirming the USA as an independent country. America's national anthem, The Star-Spangled Banner began life as a poem written after its author, Francis Scott Key, witnessed the British bombardment of Fort McHenry during the Battle of Baltimore. The war also led to Native Americans losing hundreds of thousands of acres of land in a programme of forced removal. With: Kathleen Burk Professor of Modern and Contemporary History at University College London Lawrence Goldman Fellow in Modern History at St Peter's College, University of Oxford Frank Cogliano Professor of American History at the University of Edinburgh Producer: Victoria Brignell.
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