What was the south sea?

Answer 1

The South Sea, historically referred to the Pacific Ocean, particularly in the context of the South Sea Company, which was established in the early 18th century in Britain. The company aimed to capitalize on trade opportunities in the Americas, particularly through the exploitation of the Spanish colonies. It became infamous for its speculative bubble, culminating in the South Sea Bubble crisis of 1720, which led to significant financial losses and economic turmoil in Britain. The term can also refer to the region surrounding the ocean, encompassing various islands and coastal territories in the southern Pacific.