In late September 1720, the South Sea bubble burst. The South Sea Company's share price which had been rising all summer collapsed more quickly than it had risen, causing the first great British stock-market crash. Its repercussions were felt far beyond the City of London. Its impact was felt right across western Europe from Aberdeen to Amsterdam, from Belfast to Berne and from Limerick to Lisbon. The dramatic rise and fall of the South Sea Company's stock in the summer of 1720 was a source of wonder, excitement and despair for contemporary observers. Some of them had been drawn to invest in the buoyant London financial markets following reports and rumours of the great riches gained by the fortunate. Many of these investors came from outside the English capital and the consequences of their activities, both positive and negative, reverberated beyond the boundaries of the British world. Money flowed into London from Amsterdam, Berlin, Berne, Cork, Dublin and Edinburgh, expanding the market for South Sea Company shares. The gains and losses made by these investors and speculators during the hectic summer of 1720 fed back into their local economies. Profits made in London's Exchange Alley temporarily drove property prices upwards in Scotland, while investment and banking schemes were floated in Dublin and Edinburgh as local projectors responded to the innovations in the metropolitan capital. More negatively, losses incurred as a result of the London crash impacted on provincial banking systems causing short-lived bank runs in Dublin and Edinburgh.