Question Description
The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer? for GMAT 2025 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer?.

Solutions for The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer?, a detailed solution for The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The financial markets in London underwent significant development during the late 17th and early 18th centuries. The establishment of the Bank of England in 1694, amidst the Nine Years' War, marked the creation of a national debt system and introduced Bills of Exchange, which became the foundation of modern banking. London's financial landscape was further invigorated by overseas investments, particularly from Amsterdam and France, and by the Treaty of Utrecht (1713), which granted Britain the right to supply slaves to Spanish America. This influx of capital, combined with other financial innovations like joint-stock companies, lotteries, and insurance firms, fueled London’s rise as a global financial center.Among these ventures was the South Sea Company, founded in 1711 with the purpose of managing part of Britain’s national debt and exploiting lucrative trade opportunities in Spanish South America. The Company quickly became the subject of intense speculation, with its stock prices soaring in 1720. Investors from all classes, including royalty, were swept into a speculative frenzy. John Blunt, one of the company’s leaders, was even knighted for his role in elevating public credit.However, the South Sea Company’s promises of vast profits proved hollow. The stock price, artificially inflated through loans and speculative trading, eventually collapsed. By late 1720, shares had plummeted, leaving many investors, including brilliant physicists such as Isaac Newton, in financial ruin. The fallout led to a parliamentary inquiry that uncovered widespread corruption, including insider trading and political bribery. Key figures, such as the Chancellor of the Exchequer, faced impeachment and punishment.Despite the catastrophic impact on investors, the broader economic system endured. The South Sea Company itself continued to operate until 1853, serving as a sobering reminder of the dangers inherent in speculative financial bubbles. The event also sparked public debate about the need for stricter regulation and transparency in financial markets.According to the passage, which of the following was NOT a contributing factor to London’s rise as a global financial center during the late 17th and early 18th centuries?a)Overseas investments from Amsterdam and Franceb)The creation of Bills of Exchangec)The Treaty of Utrecht, which granted Britain the right to supply slaves to Spanish Americad)Financial support from the South Sea Company’s trading venturese)The establishment of the Bank of England in 1694Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.