1720

The year 1720 was notable for a major financial crisis known as the South Sea Bubble, where speculation in the South Sea Company led to rapid stock price inflation followed by a disastrous collapse. This event caused widespread economic turmoil, wiping out many investors' savings. It also reflected early signs of financial market volatility and hype, highlighting the risks of unchecked speculation and the importance of regulation. Aside from the financial meltdown, 1720 saw significant cultural and political developments in different parts of the world, influencing future economic and social policies.