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Bubble act

   Also found in: Wikipedia 0.31 sec.

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.
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This bubble acts as a miniature version of Earth's magnetosphere, the region around the planet controlled by the terrestrial magnetic field.
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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.
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