Bubble Act

Bubble Act

Bubble Act 1720 (6 Geo I, c 18) was an Act of the Parliament of Great Britain that forbade all joint-stock companies not authorised by royal charter. It was passed on 9 June 1720, and was also known as the Royal Exchange and London Assurance Corporation Act 1719, because those companies were incorporated under it.

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Famous quotes containing the words bubble and/or act:

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    “You can’t take back an act you were able to think.”
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