Bubble act

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BUBBLE ACT, Eng. law. The name given to the statute 6 Geo. I., c. 18, which was passed in 1719, and was intended " for restraining several extravagant and unwarrantable practices therein mentioned." See 2 P. Wms. 219.

References in periodicals archive ?
The tulip mania speculation of 1637 or the outrageous promises of extravagant returns on new trading company investments that resulted in the Bubble Act of 1720 reveal the dangers of overpriced commodities.
I have some gags for [the audience], from a toilet paper extravaganza to a hilarious bubble act.
England's legislative response to the bursting of the South Sea bubble three centuries back, the Bubble Act of 1721, was a ban on the founding of joint-stock companies without a royal charter--a provision that slowed the development of British industry.
They encouraged the politicians (many of whom were their own shareholders) to adopt the so-called Bubble Act requiring all companies issuing shares to have a royal charter.
The South Sea Bubble produced so many corrupt profiteers and gullible victims that the Bubble Act of 1720 banned all joint-stock companies, except those established by separate Act of Parliament, for two centuries.