The South Sea Bubble - 5 Minute History Lesson

[@ThePlainBagel]

Happy Friday everyone! Visit www.newsoveraudio.com/bagel (or use coupon code PLAINBAGEL) to get a free 7 day trial of Noa's premium subscription, plus 37% off the annual fee.

[@jamsum7215]

could you do a video on the 1987 crash? I never fully understood what caused that.

[@bigboss337]

The South Sea Company was the OG hype stock. Human nature never changes.

[@zyrohnmng]

Would you like some Tulips?

[@Danielkaas94]

Go buy Dink Doink

[@johnpulawski35]

ok calling out bubbles is cool you know what's cooler? making money

[@Abedchess]

@You Famous last words

[@jamesmf968]

Newton made a small profit and sold, but regretted getting out too early and bought back in near the top (FOMO) and rode the shares down to the bottom. That’s how the South Sea Bubble broke Newton, a man who famously avoided company and didn’t pay much attention to the news.

[@Voodoo3397]

Sir Isaac Newton would not survive the era of crypto currency lol

[@anilagarwal3985]

gravity at work

[@shaynehughes6645]

"ye olde goddamit"

[@Abedchess]

This man, Sir Isaac Newton, Created a revolution in physics and mathematics, Created Newtonian mechanics, theory of light, Calculus, reflecting telescope, Practically a genius worshipped by academics today, Lost £20k in investing... What in the f*** was he smoking.

[@LendriMujina]

If only there was some way to predict that things always tend towards a freefall. It could have helped him understand the gravity of the situation.

[@BringTheRains]

I just about died when you mentioned raid shadow legends. I was laughing so hard. It was such a well placed thing. Great job.

[@RhejMacTavish]

100%! Just about lost my drink there!

[@DrDeFord]

4:02 “Peddling this thing harder than Raid Shadow Legends is a free to play…”

[@tomlxyz]

and the stock takes off!

[@samsonsoturian6013]

If you think speculation NOW is bad, just note the South Sea Company and Mississippi Companies each had market caps larger than all modern tech giants combined... BEFORE industrialization.

[@greenthunder7982]

Can i have a source

[@ajrobbins368]

@@greenthunder7982 Extra Credits History mentioned that the South Sea Company became so large relative to the economy of Great Britain that it would be a $85 trillion company at the same ratio today. To put that in perspective, Apple crossed the $2 trillion mark in 2021 and it's a profitable business, unlike the South Sea Company.

[@surajkumar-uo1xp]

@@ajrobbins368 what the F.... That Muchh?!? dam... just imagining that much money is crazy lol

[@obviouslymatt6452]

hm, not really. in relation to what? gdp? the total monetary supply? neither of these things are good indicators of how much something is actually worth.

[@MinefighterLP]

some things never change lmao

[@joshreddy4278]

I love how ISAAC NEWTON was one of the OG YOLO guys

[@Abedchess]

Isaac Newton originally bought the stock, but sold it too early. So he bought the stock again at the peak. He was the OG FOMO.

[@JackDuffley]

"A surprise to be sure, but a welcome one." - Chancellor Palpatine

[@panjiwidyasmara1112]

I sense darkside in this comment

[@JustMe-um8zp]

Extra History did a short series on this topic a few years back. 5 episodes, each about 10 minutes. It's fantastic. This 5 minute summation skipped a lot of details, but was still great (even Extra History had to cut out some things). Keep up the good work!

[@cubfan0062]

It was Walpole!

[@Toonrick12]

Fun Fact: The debt owed by Britain in 1711 wasn't fully paid until 2015. Yes. That's right.

[@zyrohnmng]

But it WAS repaid? - Jack Sparrow

[@NooneStaar]

Isn't that the debt for buying all of the slaves in the British Empire to then turn around and set them free?

[@Toonrick12]

@@zyrohnmng DON'T ASK QUESTIONS YOU AREN'T PREPARED TO HANDLE THE ANSWERS TO! - Ms Puff

[@user-rq5sd1sq8o]

@@NooneStaar Yes.

[@GubeTube19]

I love these 5 min history lessons. Can't wait for 30 years from now when you make the "Crypto bubble of the 2020s"

[@bigboss337]

But, ThIs TiMe iS DiFfErEnT! 😅

[@TheSquirrelSam]

I give it 3 years!

[@sor3999]

You have non-trading apps like PayPal trying to get you to buy crypto now. Commercials are everywhere. The hype is unreal. But Bernie Madoff can keep a ponzi scheme going for 30 year so who knows what will happen?

[@blue7lvn245]

Lol 2020? Don't you mean 2017/2018

[@spyros07]

HAVE FUN STAYING POOR!

[@cosmicmauve]

Absolutely love the 5 minute history lessons. Being from Quebec I can appreciate the "screw toi" -cracked me up. Man this was fast though. Really well done all the same.

[@evangelion00]

That Raid Shadow Legends bit was gold lmao!

[@nosslived]

>10% down, no payments for a year Kind of unrelated, but that quote brought this to mind: I often wonder if the surge over the past two years of "buy now, pay later" platforms is setting up a catastrophic bubble of bad credit. Ie, which companies are recognizing revenue and when? Are retailers recognizing future revenue on the promise of payment from those platforms? Or are those platforms paying retailers in full and using debt to provide credit which could very well default?

[@thomasa5619]

Take everything I say with a grain of salt, I believe in australia BNPL takes a few percent cut from the sale, otherwise the retailer is paid in full Interestingly, the contract between the two companies doesn’t allow the retailer to add that fee to the price (on an individual level, like credit card fees), but has to jack up the price for everyone including cash/credit card sales. But the government is looking at legislating that clause out of existence

[@TrashwareArt]

Thats definitely what's happening.

[@shazzthedon]

Retailers attract new customers that would otherwise be priced out. Creditors get new customers without a credit check. What you may consider sub prime credit debt. Figures indicate most pay off bnpl debt in time without incurring fees

[@thomasa5619]

@@shazzthedon here in australia, the BNPL providers charge a percentage to the retailer, and the contract doesn’t allow the retailer to pass it on to that customer So EVERYONE has to pay jacked up prices because of it

[@sfnzmi]

You've outdone yourself this time Richard! This 5 Minute History Lesson is the best one yet!

[@politicscommentator]

Thank you, Plain Bagel! I am glad you got to do this topic. Extra Credits did a great job on this topic as well.

[@politicscommentator]

Here is my recommendation for your next 5 minute history video: The Tulip stock market craze.

[@hndrwn]

Walpole was here

[@LoudRevised]

It was Walpole.

[@darreljones8645]

Yes! SOMEONE had to post this!

[@alexandredevert4935]

The editing is pure gold

[@JStack]

PUMPING HARDER THAN “RAID SHADOW LEGENDS IS…” This is now a comedy channel. Exquisite

[@marcusajacobs6140]

“Peddling this thing harder than….. RAID Shadow Legends”

[@JohnSmith-lk9fv]

Finally a new one, I love the 5 minute history lessons.

[@Hyperpandas]

This video is a masterpiece. Well done, sir, well done.

[@kershaad]

This is a great TL;DR of the series Extra Credits/Extra History did on this a few years ago. Both are brilliant!!!

[@108u9]

“The only material harder than diamond are Richard’s jokes.” - Sir Issac Newton (probably)

[@TheSwaggerVEVO]

That raid shadow legends plug was immaculate,,, bravo

[@JPLangley_]

5:32 today I learned that not even Isaac Newton was immune to being a dumbass stockbro.

[@pongop]

As a history teacher, I love the history lesson. And I appreciate the fun references, especially the Avatar/Jacobite one! Great video!

[@aron5377]

These videos are always so worth the wait. Honestly top notch editing, great humour and succinct education. Keep it up!

[@RedSoxFanatic4Life]

Great video! FYI for anyone interested, Extra Credits did a multi-video series on the South Sea Bubble a few years ago.

[@GoBrowns]

Ok the raid thing you threw in there was golden

[@kgproductions7288]

Can we just take a moment to appreciate how informative and entertaining the Plain Bagel's history lessons are?

[@AD-zy7xo]

The Avatar reference and the Raid Shadow Legends spoof 😂😂 I was feeling anxious today about Jeremy Grantham’s stock bubble warning & as a new investor I am now revisiting your videos since I find them educational. So all jokes aside, thank you!

[@jenglot2011]

wohoo finally, i really love your financial history content!

[@Loollitude]

The editing/script/animations in this is phenomenal. Great video!!

[@Cedric1234_]

Once again The Plain Bagel pumping out incredible content

[@zezuntxiduntxi]

great videos! very well done

[@Krissy_K888]

This editing was amazing :D

[@EarnestWilliamsGeofferic]

We need more of these.

[@poisonpotato1]

That would've been the best transition ever to a raid shadow legends ad. Would've been so perfect I'm slightly disappointed it didn't happen

[@K3end0]

This video was brilliant! Great work

[@CobraR35]

Dude this is one of the best short videos I have ever seen xD Been following you guys for a while and MAN you keep getting better!! Keep up the good work. :)

[@vietanh2101]

funny and educational video as always. I can't help to relate this video to our current market 'mania'. I really wonder how long is our current bubble going to last.

[@MSlocum669]

This was fun. Thanks Bagel.

[@吳錫亮-g1z]

Thank you share the so interesting cartoon to teach past financial history.

[@id10t98]

Uber- the 21st century South Seas Ride Trading Company

[@user-dm84]

Loved this one! Some fast paced humour in there.

[@uselessfacts3652]

​If you're finished with watching this video theres another great one about the topic from extra credits/history

[@danimalforlife]

Link for anyone interested: kzbin.info/aero/PL931Bkj5KLMtJ4AMegQtekqKcCy14FCec

[@afrozen10-02]

Really good series to learn the political repercussions for plunging Great Britain into the financial crisis after the south seas bubble popped.

[@sor3999]

4:12 "If shoeshine boys are giving stock tips, then it's time to get out of the market."

[@tommynaclerio]

It is so interesting to look back in time to witness the early stages of the market. Thank you for the video. Bagel King for life!

[@nicholaspryplesh9396]

Dude! Make more of these

[@ajrobbins368]

Apparently Extra Credits History covered this bubble in fascinating detail several years ago on KZbin. I only watched it today and can vouch that it was an entertaining series.

[@Blezerker]

Yes!! So glad to see you cover such an interesting topic in financial history

[@joshuaestine2630]

Did this man just plug raid shadow legends? This man is a legend

[@ArabicLearning-MahmoudGa3far]

Thank you, very entertaining👍🏼

[@makamaka487]

I was unreasonably hyped to see this upload

[@vevenaneathna]

welcomed change in style. thx for uploading m8

[@goldnile718]

Okay this was a really fun watch

[@fahadalbahar9750]

thank you for bringing back 5 minute history lesson!!!

[@freshgino]

I LOVE THIS “STYLE”!

[@williamgiguere4106]

Such a great format I loved it!! I would gladly watch more of those!

[@LionRafale]

Yay. Another 5 min lesson. I miss learnings.......

[@stefandemerov8423]

04:02 COMEDY GOLD!!!

[@mohamedabdelkawy3426]

This is incredible content. As a finance buff, i adore your content

[@davidSFL79]

You can tell that Richard had a lot of fun making this video.

[@DrHero13]

Love your history videos. This is an area you could really grow. Thanks for your hard work!

[@SmartChannel01]

Anyone else remember seeing this from Extra Credits / Extra History?

[@MDoogee]

Erm- are you the long lost twin of the guy from “that chapter”

[@chrisdubs121]

Great style of video can't wait for more low budget editing like this in the future

[@Chukwu121]

Id really like to see a 5 min History on the Tulip Mania bubble. That would be awesome

[@emildube]

Your animations are so amazing keep it up!

[@kirkcornelius1074]

Awesome!!! Been waiting on one of these!

[@maxanderson7871]

I like things. This was one of them.

[@TheManinBlack9054]

LOVE this channel! Do more!

[@nrpbrown]

Loving the Raid Shadow Legends bit

[@jordanwilliams9300]

This was so fun! Please do more!

[@naganuina]

Patrick Boyle has a great video on the Mississippi Bubble

[@ostenconville7595]

I love your history lessons keep up the great work

[@samsonsoturian6013]

The Dutch East India Company needs more finance videos than it gets. It was the world's only publicly traded COUNTRY. Owned and run by the Dutch government and managing their extensive overseas empire, and the subject of the world's first short and distort scheme.

[@InvestorCenter]

Here before this video blows up because it’s going to 😂

[@burlacuninel5981]

Honestly I would love to have been in the studio when he said "take that Law" 😂 . Great vid as always.

[@hl3641]

Master piece

[@kylemcconnaughey4611]

This video is insane, one quick editing thing, idk how you can cut this but a 30 second intro is long for a fast paced video and to keep viewer retention I suggest you cut that in half by adding the part about the past and bubbles to the end. You need to hook the viewer earlier because with these 5 minute videos the viewer wants it cut short and sweet it see the main part of the video

[@The_Drunk_Lord]

I got a good laugh out of that and learned something. Thanks!😂

[@tanjoy0205]

For more detail you should watch the extra history series in this .British:Fight everyone

[@afrozen10-02]

And remember. It was Walpole. Walpole is inevitable.

[@richardochodzki3961]

is the raid shadow legends reference an inside joke I don't get or a video editing mistake?

[@ThePlainBagel]

It's a game that a lot of KZbinrs take as a sponsor; sort of a joke that the South Sea Company was being promoted more heavily than this game that no one actually plays

[@richardochodzki3961]

@@ThePlainBagel ah. In one of his videos, Patrick Boyle used a picture of you as an illustration of a boomer, perhaps he didn't have enough time to find better examples

[@adarshkumar4336]

That was Wild! 10/10

[@jason9875]

Great vid. Super quick

[@canllinnames9940]

finally another 5 minute history lesson

[@surajkumar-uo1xp]

lmao that raid shadow legends insert xD

[@ariklapid7]

The first Plain Bagel video I couldn’t watch till the end. It’s just too fast. I am familiar with the South Sea Bubble and still….. My personal recommendation would be make it at least 8 minutes so you are able to speak at a normal pace :) Anyways, thanks and keep up the good work!

[@Abedchess]

True, his videos are Abit fast. You could try x0.75 speed instead, might be more manageable.

[@alexislopez9355]

Lol. If the South Sea Company existed today, it would be a meme stock.

[@dynamitejmt1]

This was great!

[@escrambol]

it was Walpole

[@Hollows1997]

Watch Extra Credits mini series on the south sea bubble, the finance side might not be as accurate but it’s entertaining though.

[@dhess34]

So, super rough back-of-the-napkin calculation, Sir Issac Newton lost the modern day equivalent of $5mil USD. Something tells me he wasn’t exactly poor.

[@Abedchess]

He wasn't poor... He's rich, he was rewarded for his scientific discoveries. (Not like nowadays, where revolutionary scientists go bankrupt and some go insane)

[@capivaracafeinada]

"A.K.A The continent colonized by Spain" proceeds to show ships arriving in Brazil, a former Portuguese colony. Great video by the way, just thought that was funny.

[@Rockkmann]

These are amazing

[@BloodSugar7]

IT WAS WALPOLE!!!!!!!!!!!!!!!!!! Wait.. where's Walpole?

[@sanatanand2834]

You know stock market is hard when Issac Newton himself has lost money in a market crash!