Rafael Streib

Wissenschaftlicher Mitarbeiter (Doktorand)

Teilprojekt E04: Nach dem Börsencrash 1720 - Bedrohungsdiagnose und Bewältigungspraxis in Paris und London

Keplerstraße 2
72074 Tübingen
Raum: 185
Telefon: 07071 29 75090
E-Mail: rafael.streibspam prevention@uni-tuebingen.de

Beruflicher Werdegang

  • 2009-2015: Studium der Geschichte, Erziehungswissenschaft und ev. Theologie
  • Titel der Abschlussarbeit: "Die jesuitische Tibetmission"

Forschungsschwerpunkte / wissenschaftliche Interessensgebiete

  • Stadtgeschichte London 18. Jhd.

Forschungsprojekt im Rahmen des SFB 923

Thema: Einzeluntersuchung im Rahmen des Teilprojekts E04 "Nach dem Börsencrash 1720 - Bedrohungsdiagnose und Bewältigungspraxis in Paris und London"


In summer 1720 a trader in London wrote about the situation in the city: „In short my Lord that world is turn'd upside down, the Long-heads appear now of no account at all, and the headloags becoming extremely rich, […] it [is] not vastly provoking to be out of town when every Corncuter can get an Estate and poor.“1 Short after this description the world turned again and the summer dream became nightmare, which we commonly call the South Sea Bubble.

The South Sea Bubble frequently is the topic of historical research projects.2 Many contemporaries and historians marked two reasons for the crash: The greed of the directors, who constructed the bubble, and the gambling mania of the investors. But, as many newer research projects showed, it's not that easy. Those who think gambling was the main reason ignore the rational behaviour of the majority of the investors. As the economic outcomes and the chronology of the events is largely explored by former projects, my PhD Thesis will focus on the many smaller protagonists and their handling of the situation and their reactions. How did investors try to avoid bankruptcy? What is the function of trust and its instauration?

To get answers to my questions I need to take a closer look on the society of 18th century London. The daily communication is based on actors meeting and knowing each other. Financial trade was primarily conducted between individuals. These people came together day by day in the Royal Exchange, the streets of Exchange Alley and the most famous coffee houses. To participate in this trade, you needed to know the people they were trading with, as all their value was based on their credit.

These are just some aspects of the practice of stock-trading in 1720. This practice was being threatened firstly by the great number of new investors and companies in early 1720, as the letter from the beginning showed. Secondly and more severely by the collapse of the prices a few months later. The strong tie of trust in the companies and between the individual traders was broken. Contemporaries described empty streets and the absence of all trust. In this great calamity everyone needed to investigate which of his debtors was still worthy and how to handle their own loses. Some ended up in prison, some tried to go into hiding and some even committed suicide. I use three spheres of coping: society, economy and politics. The individual cases can touch all three spheres.


  • 12.02.2016 – „Debts and Death. Selbstmörder in Folge der South Sea Bubble 1720“. Vortrag am Doktorandentag Neuere Geschichte (Prof. Dürr/Prof. Frie), Universität Tübingen.
  • 07.04.2016 – „Räume der South Sea Bubble (1720)“. Vortrag beim Workshop „Nach dem Crash“, Universität Tübingen.
  • 22.06.2016 – „Räume der South Sea Bubble 1720. Die Auswirkungen einer Finanzmarktkrise aus dem Blickwinkel der Raumforschung“, Vortrag bei der Sommeruniversität „Kulturen und Wissen der Ökonomie (18.-20. Jh.)“, Deutsches Historisches Institut Paris.
  • 15.2.2017 – „Nach dem Börsencrash 1720. Überlegungen zu Vertrauen und Schuldsuche bei der Pariser Mississippi- und der Londoner Südseeblase“. Vortrag zus. mit Marlene Keßler beim Doktoranden-Workshop des SFB 923 mit dem SFB/TRR 138 „Dynamiken der Sicherheit“, Universität Marburg.
  • 17.2.2017 – „Geschlecht und Raum während der South Sea Bubble“. Vortrag am Doktorandentag Neuere Geschichte (Prof. Dürr/Prof. Frie), Universität Tübingen.