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 ?
From acrobats and trapeze artists to a show-stopping bubble act and comedy, this is a festive fiesta of jaw-dropping acts.
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.
Long before the starting date for this study, which is the date of the Bubble Act of 1720, there had existed firms of one kind or another, which had engaged in production, commerce, and consumption.
T]he Bubble Act, the common law, and legal hostility to the share market played significant parts in hindering the development of the joint-stock company for more than a century.
A book whose starting point is the Bubble Act of 1720 is bound to pay attention to exogenous shocks, for the passage of this Act took place at the time of the collapse of the share market known as the South Sea Bubble, and all serious historians attach some significance to contingency and happenstance.
It may be that the selective granting of incorporation, which did not end until the Bubble Act of 1720, significantly constrained the development of business formation.
In that year Parliament passed the Bubble Act which prohibited incorporation of new joint stock firms (Shannon, 1961).
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.
Until its dissolution, a bubble acts as a gas nucleus (as observed in Model B) which permits formation of a larger visible gas cavity during decompression of liquid within a closed system, but in the absence of generating an audible crack.
This bubble acts as a miniature version of Earth's magnetosphere, the region around the planet controlled by the terrestrial magnetic field.