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单词 South Sea scheme
释义

South Sea scheme

now historical
noun
A stockjobbing scheme established by the South Sea Company in 1720 for trading in the southern hemisphere to repay the British national debt, which ended with the failure of the company and a general financial collapse.

Origin

Early 18th century; earliest use found in Archibald Hutcheson (c1659–1740), lawyer and economist.

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更新时间:2024/12/23 21:54:10