Newton Residence

In 1720, the South Sea Company bubble peaked, as the rumour spread that the South Sea Company had negotiated a monopoly on trading to South America – a rumour which immediately stirred hope of great riches and pushed the value of the company stock up to dizzy heights. In reality, little or no trading took place and 8 months later, the bubble burst, leaving many investors, amongst them Sir Isaac Newton (out of pocket by £20,000, in present day terms around £2,500,000), horrendously in debt.