Quiz Champion

In 1720, England was in massive debt and became involved in the South Sea Bubble. Who was the main mastermind behind it?

  • Daniel Defoe
  • John Blunt
  • Robert Harley
  • John Churchill
Explanation

John Blunt was the main mastermind behind England's involvement in the South Sea Bubble in 1720. As a prominent member of the South Sea Company, Blunt manipulated public sentiment and enticed investors with promises of lucrative returns. Through his persuasive tactics, he convinced individuals to invest their savings in the company's shares, which were artificially inflated. However, when the bubble eventually burst, causing financial ruin for many, it became apparent that Blunt had orchestrated the scheme to benefit himself and his associates.