The British and French Financial Bubbles: A Tale of Two Crashes
Explore the 18th-century European financial crisis marked by two major stock market crashes: Britain's South Sea Company bubble and France's Mississippi Company bubble.
18th Century
The Collapse of John Law's System
The 1720 financial crisis led by John Law in France highlights the risks of speculation, paper money, and fractional reserve banking.
The Rise and Fall of John Law's Financial Empire
Learn about the rise and fall of John Law's financial empire in France during the early 18th century, shaped by government support, debasement, and paper credit systems.
Reviving French Economic Confidence: Law's Ambition
In 1716, France established a public bank to revive economic confidence by issuing paper money and consolidating debt.