Dogecoin and the South Sea Company
In the early 18th Century, an Englishman started a joint venture with the Crown to help reduce the national debt. He would sell shares in the South Sea Company, which was given the same monopoly in the Caribbean/South America as the East India Company had in Asia. With the support of the powers of England, the general public bought in, in a huge way. The stock price soared and some early investors became rich overnight.…
