Sir George Caswall Vs. The Duke of Portland: Financial Contracts and Litigation in the Wake of the South Sea Bubble

Abstract:     
An investigation into the legal wrangles between the first Duke of Portland and his financial antagonists, in particular Sir George Caswall, helps illustrate the nature of private financial contracting during the South Sea Bubble. It also illustrates the special costs of enforcing such contracting after the Bubble. This paper is but a beginning to a wider study of the legal aftermath of the Bubble and the contribution of early modern financial contracting to the general law of contract.

Number of Pages in PDF File: 53

Keywords: South Sea Company, Bentinck family, Financial Revolution, Bubble Act, legal history

JEL Classification: G13, N23

working papers series