The Mississippi Bubble (1720)
The Mississippi Bubble was a financial crisis in 18th century France caused by a speculative investment scheme by John Law. He established the Mississippi Company and encouraged investors to buy shares, causing a speculative bubble. When the company's earnings failed to materialize, the bubble burst, leading to a sharp decline in the French economy and social unrest. The crisis is significant for being one of the first examples of a speculative bubble and highlighting the potential dangers of speculative investment schemes.
#MississippeBubble #1720
• The Mississippi Bubble (1720)
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