The company was also granted a monopoly to trade with South America, a potentially lucrative enterprise, but one controlled by Spain, with whom Britain was at war. 11.The letters circumscribing the seal below should read SSFC, for South Sea and Fishery Company 2.There was thus no realistic prospect that trade would take place, and as it turned out, the Company never realised any significant profit from its monopoly.However, Company stock rose greatly in value as it expanded its operations dealing in government debt, and peaked in 1720 before suddenly collapsing to little above its original flotation price.
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