Why "South Sea Bubble”?

The "South Sea Bubble" is the name given to an economic bubble that took place in the early 18th Century (circa 1720). It is often regarded as the second well documented economic bubble; the first being the proliferation of Tulips in Amsterdam (circa 1640), known as “Tulipmania”.

While this site is not intended to give a rich account of the South Sea Bubble event, it would be churlish to not give it a brief explanaion at least. So here goes...

In short, the British South Sea Trading Company owned a monopoly on trading in South America. Stock price increased due to speculaion on the future of the stock value exacerbated by government purchase of the shares. Like all bubbles, it eventually popped and the share price rapidly devalued.

For further reading, there are some good accounts at these sites:

Given the rather negative outcome of this event, an obvious question will arise: Why would a project manager name his company after this event? Well I will just come right out and say it... no good reason other than I just like how the words trip off the tongue and I own the internet .com site of that name! Not only that, on an intellectual level, I am genuinely interested in the nature of such historic bubbles and the human behaviour that creates them. This may be due to the philosopher in me (I have a graduate diploma in philosophy).

Alternatively, I could have easily called my company a generic “A1 Project Services” or “deliver rite” or some other positive but bland name. Instead, I have chosen a name with some historic gravitas to it, despite the connotation.