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Of course, the bubble couldn’t last forever. In the summer of 1720, doubts began to surface about the company’s prospects. Investors started selling their shares, and the stock price *plummeted*. Panic ensued, and thousands of people were financially ruined. Many prominent figures, including members of Parliament, were implicated in the scandal. The fallout was immense, leading to widespread distrust in the government and the financial system. In response, Parliament passed the Bubble Act in 1720, aimed at preventing similar speculative schemes in the future.
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