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\nJohn Law's Mississippi Company in One Minute: From Economic Miracle to Bubble and Ultimately Scam\n

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\n\nPublisher:\n\nOne Minute Economics\n\n\n
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\nJohn Law's Mississippi Bubble took place in France at pretty much the same time as John Blunt's South Sea Bubble took Great Britain by storm. After the long reign of Louis XIV, France was deeply indebted and desperate. Economist John Law...\nJohn Law's Mississippi Bubble took place in France at pretty much the same time as John Blunt's South Sea Bubble took Great Britain by storm. After the long reign of Louis XIV, France was deeply indebted and desperate. Economist John Law however came up with a scheme and created the Mississippi Company. The Mississippi Company was supposed to benefit from France's alleged riches in the Louisiana region but just like with the South Sea Company, the stories of prosperity surrounding the Mississippi Company were greatly exaggerated. Furthermore, John Law took things one step further than John Blunt and even involved the newly created central bank of France in what ended up becoming the Mississippi scam. As we'll be finding out today, things got complicated quickly. Please like, comment and subscribe if you've enjoyed this video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to oneminuteeconomics@gmail.com, any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - Barnes & Noble - iBooks (Apple) - Kobo - My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - Barnes & Noble - iBooks (Apple) - Kobo - Last but not least, if you'd like to follow me on social media, use one of the links below \n
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Grade
9th - 11th
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All Subjects
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Instructional Videos
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Source:
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Date
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2019
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For Teacher Use
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