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The Mississippi Bubble: A Memoir of John Law. Newton Page Classics. ISBN 978-1934619056. An account of the euphoria and wealth John Law created by engineering the first stock market boom, and the despair, poverty and destroyed lives that followed its crash. Velde, Francois R. (2003). Government Equity and Money: John Law's System in 1720 France.
The Mississippi Company (French: Compagnie du Mississippi; founded 1684, named the Company of the West from 1717, and the Company of the Indies from 1719 [1]) was a corporation holding a business monopoly in French colonies in North America and the West Indies.
The Mississippi Bubble is a 1902 novel by American author Emerson Hough. It was Hough's first bestseller, and the fourth-best selling novel in the United States in 1902. [2] The historical novel revolves around the story of John Law (1671-1729) and the "Mississippi Bubble", an economic bubble of speculative investment in the French colony of ...
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In return, Law promised the French government to finance its debt at low rates of interest. [19] Law began a financial speculative bubble by selling shares of the Mississippi Company, using the Banque Générale's virtual monopoly on the issue of bank notes to finance his investors. [20]
Economic bubble, stock market bubble and real-estate bubble; Market correction, real and nominal value, economic equilibrium; Kondratiev wave, business cycle and business cycle models; Involuntary unemployment; Fictitious capital, Intrinsic value, Speculation; Crisis theory, tendency of the rate of profit to fall, reserve army of labour
The nation’s debt, currently over $34 trillion, is rampantly growing as U.S. lawmakers have been unable to agree to long-term budget reforms that could tame it.. Officials from several ...
The executive branch of Mississippi state government is composed of the governor, lieutenant governor, secretary of state, attorney general, state auditor, state treasurer, commissioner of agriculture and commerce, commissioner of insurance, the three-person Mississippi Public Service Commission, and the three-person Mississippi Transportation Commission.