User talk:Nearwater

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May 2014

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was [[Petrified Forest National Park|Petrified Forest]] in [[Arizona]], another natural feature (Congress later made into a national park.{{citation needed}}

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Speedy deletion nomination of South Sea Bubble (temporary)

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The content was this Graeme Bartlett (talk) 02:12, 31 May 2014 (UTC) :[reply]

<!-- This is a temporary article to create a South Sea Bubble article separate from South Sea Company -->

==Background==

* South Sea company created during War of Spanish Succession and given monopoly to trade with South America
* At war's end (the Treaty of Utrecht effectively ended the war in 1713), England was barred from trading with South America, destroying the value of the company's monopoly
* The English government had debt (from the war?)
* the government debt was not liquid 
* the company offered to exchange the debt for equity in the company, planning to pay the dividends with the coupons from government debt
* initial exchange of 1 million pounds went well

==Growth of the bubble==

TBD

==The bubble bursts==

TBD

==Aftermath==

TBD