The South Sea Bubble is one of the oldest asset bubbles out there and the first ever documented market manipulation example. At first it seemed that the newly formed South Sea Company might put an end to Great Britain's debt problems and Robert Harley, the man in charge of Great Britain's finances, was extremely excited.

The South Sea Bubble was possible because people fell for the lies John Blunt fed them about the profitability and potential of the South Sea Company. In reality however, the South Sea Company was anything but a good business and as such, the South Sea Company Asset Bubble ended up leaving a lot of people bitterly disappointed.

Just like all other asset bubbles, the South Sea Bubble represents a fascinating lesson when it comes not only to economics but also human nature.

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