However, you may be surprised to know there’s much more to it! Historical

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However, you may be surprised to know there’s much more to it! Historically, bears came first. The middlemen who would sell bearskins were referred to as bears. The reasoning behind the name is not as straightforward as you might think. It referred to the selling of the skins that were yet to be received. As such, the middlemen would speculate on the future price of these skins from the trappers, hoping that they would drop.


Consequently, bears became shorthand for bearskin jobbers and also became nigeria business email list a term describing a downturn in the market. This usage was confirmed later on in history by a famous English scandal known as the South Sea Bubble. The name came for the South Sea Company, which was founded in the early eighteenth-century to trade with Spanish colonies in the New World. Once the king became the governor of the company, its stock became highly desirable.


In a nutshell, stockholders were enjoying high returns, and the company assumed most of the British national debt. That way they convinced investors to give up state annuities for company stock, which was sold at a very high premium. The end of the story was rather unfortunate for most investors, as the stock price suddenly collapsed and most of the speculators had been selling the stock without actually owning it.