The Mississippi Bubble / John Law

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4 Terms

1
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what was the The Mississippi Bubble 

Law developed a scheme to reduce France’s national debt by selling shares in the Mississippi Company, which promised wealth from Louisiana’s resources.

2
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when was the Mississippi bubble

Peak years: 1717–1720.

3
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Where was the Mississippi bubble

Centered in France (Paris), but tied to Louisiana (Mississippi Valley).

4
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what was the significance of Mississippi bubble

The collapse ruined many investors and led to public distrust of paper money and banks in France.