Paper Money

John Law's 18th-century financial experiment in France led to a catastrophic failure with far-reaching consequences for the French monarchy, economy, and society.

Learn about the Mississippi Bubble's 1720 collapse and how it exposed the perils of unchecked speculation in European financial history.

Learn about John Law's financial system that dominated France in the early 18th century but ultimately collapsed due to inflation, speculation, and government intervention.

The 1720 financial crisis led by John Law in France highlights the risks of speculation, paper money, and fractional reserve banking.

Discover the rise and fall of the 18th-century Mississippi Bubble, a financial experiment that captivated the French aristocracy and led to devastating consequences.

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.

In 1716, France established a public bank to revive economic confidence by issuing paper money and consolidating debt.

Explore the radical financial solutions proposed by John Law to address France's severe financial crisis in the 18th century, including a national bank and paper money.

Discover the rise and fall of John Law, a Scottish economist who transformed France's economy with paper money, but ultimately led to catastrophic economic collapse.

Learn about the evolution of modern banking systems, from 18th century innovations to industrialization and urbanization.

Explore the evolution of fiat currency from ancient civilizations to modern-day manifestations, understanding its historical context, key figures and groups, mechanisms and processes, and deep background on systems and structures that have shaped its development.