The Great Bubble of France: Understanding the Financial Crisis of 1720
Explore the economic crisis of 1720 France, where a rapid inflation of paper currency led to soaring prices, banknote devaluation, and severe economic contraction.
Explore the economic crisis of 1720 France, where a rapid inflation of paper currency led to soaring prices, banknote devaluation, and severe economic contraction.
Discover how 18th-century economist John Law's revolutionary but flawed ideas on paper currency led to economic instability and collapse.