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The same chartered company, the South Sea Company, was established in 1711 to trade during the Spanish South American colonies, but achieved with less accomplishment. The South Sea Company's monopoly legal rights were being supposedly backed from the Treaty of Utrecht, signed in 1713 to be a settlement subsequent the War of the Spanish Succession, which gave Terrific Britain an asiento to trade in the area for thirty decades. In actual fact, the Spanish remained hostile and let just one ship a calendar year enter. Unaware of the problems, traders in Britain, enticed by extravagant guarantees of benefit from company promoters purchased thousands of shares. By 1717, the South Sea Company was so wealthy (still having performed no actual enterprise) that it assumed the general public personal debt with the British government.
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may well hardly have existed. With the Cambridge English Corpus Algerian producers had been held strictly accountable for the customs union. From the Cambridge English Corpus The more mature generation Primarily seemed to be caught among the standard customs and the modernised socio-authorized devices, which inevitably made contradictory and unbalanced responses.