Re: YAM = ??
There were several bubbles, in Europe as well, france has a paticulary nasty one.
iirc newton lost the shirt on his back from the south seas bubble.
Then you get crazy stuff like the Darien expedition. Lets take ginger scottish people, and export them, and 2/3 of ALL THE WEALTH IN SCOTLAND to a disease filled swamp on the equator. People who get sunburnt at night when theres a full moon decided to create a colony on the equator.
That went as well as youd expect.
And then got worse when the spanish noticed them living in what was at the time a spanish colony.
Epic fail all round.