BUBBLE ACT
\bˈʌbə͡l ˈakt], \bˈʌbəl ˈakt], \b_ˈʌ_b_əl ˈa_k_t]\
Sort: Oldest first
-
The statute 6 Geo. I. c. 18, "for restraining several extravagant and unwarrantable practices herein mentioned," was so called. It prescribed penalties for the formation of companies with little or no capital, with the intention, by means of alluring advertisements, of obtaining money from the public by the sale of shares. Such undertakings were then commonly called "bubbles." This legislation was prompted by the collapse of the "South Sea Project," which, as Blackstone says, "had oeggared half the nation." It was mostly repealed by the statute 6 Geo. IV. c. 91.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.