Royal Exchange and London Assurance Corporation Act 1719
Act of Parliament
Parliament of Great Britain
Long title
An Act for better securing certain Powers and Privileges intended to be granted by His Majesty by Two Charters for Assurance of Ships and Merchandizes at Sea, and for lending Money on Bottomry; and for restraining several extravagant and unwarrantable Practices therein mentioned.
Citation
6 Geo. 1. c. 18
Territorial extent
Great Britain
England and Wales
Scotland
Later extended to American colonies, including:
Massachusetts
Dates
Royal assent
11 June 1720
Repealed
5 July 1825
Other legislation
Amended by
Bubble Companies, etc. Act 1825
Repealed by
Royal Exchange Assurance Act 1901
Status: Repealed
Text of statute as originally enacted
The Bubble Act 1720 (also Royal Exchange and London Assurance Corporation Act 1719)[1] was an act of the Parliament of Great Britain passed on 11 June 1720 that incorporated the Royal Exchange Assurance Corporation and London Assurance Corporation, but more significantly forbade the formation of any other joint-stock companies unless approved by royal charter.
United Kingdom legislation
Bubble Schemes (Colonies) Act 1740
Act of Parliament
Parliament of Great Britain
Long title
An Act for restraining and preventing several unwarrantable Schemes and Undertakings in His Majesty's Colonies and Plantations in America.
Citation
14 Geo. 2. c. 37
Dates
Royal assent
25 April 1741
Repealed
15 July 1867
Other legislation
Repealed by
Statute Law Revision Act 1867
Relates to
Royal Exchange and London Assurance Corporation Act 1719
Status: Repealed
Text of statute as originally enacted
Its provisions were extended later by the Bubble Schemes (Colonies) Act 1740 (14 Geo. 2. c. 37)[2] to include its colonies, particularly Massachusetts.[3]
The act gave the South Sea Company a monopoly over British trade with South America[4] until the South Sea Bubble "popped" in Britain's first major stock market collapse.
^An Act for better securing certain Powers and Privileges intended to be granted by His Majesty by Two Charters for Assurance of Ships and Merchandizes at Sea, and for lending Money on Bottomry; and for restraining several extravagant and unwarrantable Practices therein mentioned, 6 Geo 1. c. 18
^An Act for restraining and preventing several unwarrantable Schemes and Undertakings in His Majesty's Colonies and Plantations in America, 14 Geo. 2. c. 37
^Savelle, Max (1974). Empires to Nations: Expansion in America, 1713-1824. Minneapolis: University of Minnesota Press. p. 43. ISBN 0-8166-0709-5.
^Castelow, Ellen. "The South Sea Bubble of 1720". Historic UK. Retrieved 31 July 2019.
The BubbleAct 1720 (also Royal Exchange and London Assurance Corporation Act 1719) was an act of the Parliament of Great Britain passed on 11 June 1720...
notorious economic bubble thus created, which ruined thousands of investors, became known as the South Sea Bubble. The BubbleAct 1720 (6 Geo. 1 c. 18)...
Look up bubble, bubbles, or bubbling in Wiktionary, the free dictionary. Bubble, Bubbles or The Bubble may refer to: Bubble (physics), a globule of one...
This accelerated the inflation of the share price further, as did the BubbleAct 1720, which (possibly with the motive of protecting the South Sea Company...
Shorting may act as a "canary in a coal mine" to stop unsustainable practices earlier and thus reduce damages and form market bubbles. Auctions are a...
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The 2000s United States housing bubble or house price boom or 2000s housing cycle was a sharp run up and subsequent collapse of house asset prices affecting...
the surface tension, which suppresses the growth of bubbles. Surface tension makes the bubbleact like an elastic balloon. The pressure inside is raised...
A cryptocurrency bubble is a phenomenon where the market increasingly considers the going price of cryptocurrency assets to be inflated against their hypothetical...
wealth from the Americas were overblown. In London, Parliament passed the BubbleAct, which stated that only royally chartered companies could issue public...
A filter bubble or ideological frame is a state of intellectual isolation that can result from personalized searches, recommendation systems, and algorithmic...
House of Commons to permit their incorporation. This was done in the BubbleAct. The new chartered company then accepted subscriptions paid on shares...
repeal of the BubbleAct and the debate between the Currency and Banking Schools’, in H. Paul, D. Coffman and N. Di Liberto (eds.), The BubbleAct: New Perspectives...
Railway Mania was a stock market bubble in the rail transportation industry of the United Kingdom of Great Britain and Ireland in the 1840s. It followed...
suppress these schemes and with the support of the company, passed the BubbleAct. With the rise in the market now halted, uncontrolled selling began in...
of the BubbleAct, the Lords Justices in Great Britain attempt to curb some of the excesses of the stock markets during the "South Sea Bubble". They dissolve...
Sharpe, Inc. ISBN 978-0-7656-2086-6. Harris, Ron (September 1994). "The BubbleAct: Its Passage and Its Effects on Business Organization". The Journal of...
semi-infinite throughout. Bubble rafts assemble bubbles on a water surface, often with the help of amphiphilic soaps. These assembled bubblesact like atoms, diffusing...
This accelerated the inflation of the share price further, as did the BubbleAct 1720, which (possibly with the motive of protecting the South Sea Company...
A bubble canopy is an aircraft canopy constructed without bracing, for the purpose of providing a wider unobstructed field of view to the pilot, often...
Recovery and Reinvestment Act (ARRA). It was triggered by a large decline in US home prices after the collapse of a housing bubble, leading to mortgage delinquencies...
technique is based on bubbles of air (gas) being let out under the water surface, commonly on the bottom. When the bubbles rise they act as a barrier, a curtain...
Company. However, the scale of the speculation led to the passing of the BubbleAct in June 1720. This forbade the formation of joint stock companies unless...
original on 19 January 2022. Retrieved 21 June 2018. See the BubbleAct 1725 and the Combination Act 1799 See Rigby v Connel (1880) 4 Ch D 482 and Lee v Showmen’s...
boiling regime is dominated by "vapour stem bubbles" left behind after vapour departs. These bubblesact as seeds for vapor growth. Confined boiling typically...
returned to the forefront of commerce, although in England to circumvent the BubbleAct 1720 investors had reverted to trading the stock of unincorporated associations...
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