-
John Law and the Mississippi Bubble
It was one of the most sensational get-rich-quick schemes heard of in a long time, but it eventually burst over the head of its originator, John Law. This "rags to riches to rags" story, in which the plan was to open a bank and exchange banknotes (paper!) for gold at wildly inflated share prices, ends when John Law, having been cleaned out as a result of a rush to cash in the notes, is left broke and broken-hearted.
published: 15 Oct 2010
-
John Law - The First Financial Engineer - A History of Paper Money and The Mississippi Bubble
John Law was a Scottish monetary reformer and originator of the “Mississippi scheme” for the development of French territories in America.
After killing an adversary in a duel, he fled to Amsterdam, where he was a professional gambler and learned about banking operations. A decade later he returned to Scotland and wrote his best-known work, Money and Trade Considered, with a Proposal for Supplying the Nation with Money (available on Amazon at this link https://amzn.to/2Wkts7p). He submitted his banking reform plan to the English and Scottish parliaments, but it was rejected.
After several other rejections, Law received permission in 1716 to try his plan in France. The French government was heavily in debt as a result of the extensive wars of Louis XIV, who died in 1715; and Law’s program...
published: 16 Dec 2020
-
Junior Reid - John Law
published: 18 May 2010
-
John Law
Here is the history of John Law and his ideas, the man associated with one of the most spectacular asset bubbles of all time.
Ask a question about the video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/john-law#QandA
Next video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/richard-cantillon
Help us caption & translate this video!
http://amara.org/v/GjVy/
published: 21 Jun 2015
-
Gregory Isaacs, Freddie Mcgregor, Ninjaman - John Law (12" mix)
album: Greensleeves 12" Rulers Gussie Clarke Music Works 1987-'91
release: 2007
label: Greensleeves
published: 11 Mar 2009
-
L'Histoire de John Law commenté par P. Jovanovic
http://www.lejardindeslivres.fr
Il a séduit Louis XV
Il a berné les français et ruiné la France
Il a inspiré Wolgang Goethe ( Faust)
Il a inspiré Charles Gounod ( Je ris de me voir si belle en ce miroir ).
Il a inspiré Michaël Boulgakov ( Le maître et Marguerite ).
Il a inspiré les Rolling Stones ( Sympathy for the Devil ).
Il a inspiré des milliers d'autrres écrivains et musiciens à travers le temps.
Cet homme c'est John Law, un anglais de bonne famille devenu monétariste qui a inventé le billet de banque et la « planche à billets » ou « monnaie de singe » afin de sauver la France en faillite de Louis XV.
Avec toutes les planches à billets lancées aujourd'hui de manière frénétique par la Fédéral Reserve, la Bank of Japan, la Bank of England et la Banque Centrale Européenne ( des millia...
published: 13 Jul 2016
-
john law economist history of speculation bubbles
i do not own this
published: 28 Nov 2012
-
Junior Reid - John Law (Remix)
Remix of John Law by Junior Reid on "Put Your Hands where my eyes can see"
Lyrics:
[INTRO]
check it out, if all di trees in di forest can be free
so why can't that little tree be free yeah, if all di trees in
this world can be so free so why can't that little tree be
free
[CHORUS]
john law law what are you charging me for him seh weh
you get dem ya high grade ganja mi tell him! prescribe by
di doctor herb ah nuh nutting weh man fi charge fa
one ah dem ah seh dat ah di good alaska
next one ah seh dat ah di cambola
one ah dem ah seh dat ah di good indica
next one ah call it sensimillia
one ah dem ah call it marijuana
next one ah turn round ah call it ganja yaaa yaaa
[VERSE 1]
bounty killer smoke ah di herb til him eyes dem ah bleed
busta rhyme him wak...
published: 27 Dec 2009
-
John Law's Mississippi Company in One Minute: From Economic Miracle to Bubble and Ultimately Scam
John 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...
published: 01 Apr 2017
-
John Law : La Banque Royale et la faillite de la France en 1720
published: 29 Dec 2017
9:44
John Law and the Mississippi Bubble
It was one of the most sensational get-rich-quick schemes heard of in a long time, but it eventually burst over the head of its originator, John Law. This "rags...
It was one of the most sensational get-rich-quick schemes heard of in a long time, but it eventually burst over the head of its originator, John Law. This "rags to riches to rags" story, in which the plan was to open a bank and exchange banknotes (paper!) for gold at wildly inflated share prices, ends when John Law, having been cleaned out as a result of a rush to cash in the notes, is left broke and broken-hearted.
https://wn.com/John_Law_And_The_Mississippi_Bubble
It was one of the most sensational get-rich-quick schemes heard of in a long time, but it eventually burst over the head of its originator, John Law. This "rags to riches to rags" story, in which the plan was to open a bank and exchange banknotes (paper!) for gold at wildly inflated share prices, ends when John Law, having been cleaned out as a result of a rush to cash in the notes, is left broke and broken-hearted.
- published: 15 Oct 2010
- views: 129942
44:42
John Law - The First Financial Engineer - A History of Paper Money and The Mississippi Bubble
John Law was a Scottish monetary reformer and originator of the “Mississippi scheme” for the development of French territories in America.
After killing an adv...
John Law was a Scottish monetary reformer and originator of the “Mississippi scheme” for the development of French territories in America.
After killing an adversary in a duel, he fled to Amsterdam, where he was a professional gambler and learned about banking operations. A decade later he returned to Scotland and wrote his best-known work, Money and Trade Considered, with a Proposal for Supplying the Nation with Money (available on Amazon at this link https://amzn.to/2Wkts7p). He submitted his banking reform plan to the English and Scottish parliaments, but it was rejected.
After several other rejections, Law received permission in 1716 to try his plan in France. The French government was heavily in debt as a result of the extensive wars of Louis XIV, who died in 1715; and Law’s program, which promised to reduce the public debt, held obvious appeal. With Law, however, lowering the public debt was somewhat incidental. He shared with his mercantilist contemporaries a belief that money is a creative force in economic development and that an increase in its quantity would stimulate a larger national product and would increase national power. He differed from other mercantilists in looking upon a central bank as an agency for manufacturing money in the form of bank notes that would circulate in place of gold and silver, which were scarce.
In Paris, Law founded a bank with authority to issue notes. Later he combined with his bank the Company of the West (better known as the Mississippi Company), which had exclusive privileges to develop the vast French territories in the Mississippi Valley of North America. Law’s plan worked well for a few years but ran afoul of speculative complications and political intrigue, neither of which were directly attributable to Law. As the author of the program, popularly known as the “Mississippi Bubble,” Law was responsible and was forced to flee France in 1720. He died in Venice a poor man.
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Patrick's Books:
Statistics for Traders: https://amzn.to/3eerLA0
Financial Derivatives: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Visit our website: www.onfinance.org
My favourite book on John Law and the Mississippi Bubble was Millionaire by Janet Gleeson: https://amzn.to/3oSu7sU
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
https://wn.com/John_Law_The_First_Financial_Engineer_A_History_Of_Paper_Money_And_The_Mississippi_Bubble
John Law was a Scottish monetary reformer and originator of the “Mississippi scheme” for the development of French territories in America.
After killing an adversary in a duel, he fled to Amsterdam, where he was a professional gambler and learned about banking operations. A decade later he returned to Scotland and wrote his best-known work, Money and Trade Considered, with a Proposal for Supplying the Nation with Money (available on Amazon at this link https://amzn.to/2Wkts7p). He submitted his banking reform plan to the English and Scottish parliaments, but it was rejected.
After several other rejections, Law received permission in 1716 to try his plan in France. The French government was heavily in debt as a result of the extensive wars of Louis XIV, who died in 1715; and Law’s program, which promised to reduce the public debt, held obvious appeal. With Law, however, lowering the public debt was somewhat incidental. He shared with his mercantilist contemporaries a belief that money is a creative force in economic development and that an increase in its quantity would stimulate a larger national product and would increase national power. He differed from other mercantilists in looking upon a central bank as an agency for manufacturing money in the form of bank notes that would circulate in place of gold and silver, which were scarce.
In Paris, Law founded a bank with authority to issue notes. Later he combined with his bank the Company of the West (better known as the Mississippi Company), which had exclusive privileges to develop the vast French territories in the Mississippi Valley of North America. Law’s plan worked well for a few years but ran afoul of speculative complications and political intrigue, neither of which were directly attributable to Law. As the author of the program, popularly known as the “Mississippi Bubble,” Law was responsible and was forced to flee France in 1720. He died in Venice a poor man.
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Patrick's Books:
Statistics for Traders: https://amzn.to/3eerLA0
Financial Derivatives: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Visit our website: www.onfinance.org
My favourite book on John Law and the Mississippi Bubble was Millionaire by Janet Gleeson: https://amzn.to/3oSu7sU
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
- published: 16 Dec 2020
- views: 143675
16:47
John Law
Here is the history of John Law and his ideas, the man associated with one of the most spectacular asset bubbles of all time.
Ask a question about the video: h...
Here is the history of John Law and his ideas, the man associated with one of the most spectacular asset bubbles of all time.
Ask a question about the video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/john-law#QandA
Next video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/richard-cantillon
Help us caption & translate this video!
http://amara.org/v/GjVy/
https://wn.com/John_Law
Here is the history of John Law and his ideas, the man associated with one of the most spectacular asset bubbles of all time.
Ask a question about the video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/john-law#QandA
Next video: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners/richard-cantillon
Help us caption & translate this video!
http://amara.org/v/GjVy/
- published: 21 Jun 2015
- views: 5053
5:53
Gregory Isaacs, Freddie Mcgregor, Ninjaman - John Law (12" mix)
album: Greensleeves 12" Rulers Gussie Clarke Music Works 1987-'91
release: 2007
label: Greensleeves
album: Greensleeves 12" Rulers Gussie Clarke Music Works 1987-'91
release: 2007
label: Greensleeves
https://wn.com/Gregory_Isaacs,_Freddie_Mcgregor,_Ninjaman_John_Law_(12_Mix)
album: Greensleeves 12" Rulers Gussie Clarke Music Works 1987-'91
release: 2007
label: Greensleeves
- published: 11 Mar 2009
- views: 58146
27:31
L'Histoire de John Law commenté par P. Jovanovic
http://www.lejardindeslivres.fr
Il a séduit Louis XV
Il a berné les français et ruiné la France
Il a inspiré Wolgang Goethe ( Faust)
Il a inspiré Charles Gouno...
http://www.lejardindeslivres.fr
Il a séduit Louis XV
Il a berné les français et ruiné la France
Il a inspiré Wolgang Goethe ( Faust)
Il a inspiré Charles Gounod ( Je ris de me voir si belle en ce miroir ).
Il a inspiré Michaël Boulgakov ( Le maître et Marguerite ).
Il a inspiré les Rolling Stones ( Sympathy for the Devil ).
Il a inspiré des milliers d'autrres écrivains et musiciens à travers le temps.
Cet homme c'est John Law, un anglais de bonne famille devenu monétariste qui a inventé le billet de banque et la « planche à billets » ou « monnaie de singe » afin de sauver la France en faillite de Louis XV.
Avec toutes les planches à billets lancées aujourd'hui de manière frénétique par la Fédéral Reserve, la Bank of Japan, la Bank of England et la Banque Centrale Européenne ( des milliards de milliards d'euros, dollars yens et livres) de fausse monnaie, l'extraordinaire livre du président Adolphe Thiers es totalement contemporain et furieusement d'actualité.
Intégralement illustrée et mise à jour en langue contemporaine par le Pr. Anne-Marie Bruyant, cette narration de la France ruinée par l'invention de la fausse-monnaie/planche à billets raconte aussi l'imminente faillite de la France pour exactement la même raison : l'usage de la fausse monnaie par la Banque Centrale Européenne !
Un livre exceptionnel à lire absolument pour comprendre que la seule politique menée par les économistes actuels n'est en réalité qu'une politique de faussaires « inspirés par le démon » selon Goethe. La « Sympathie pour le Diable » des Rollings Stones est en réalité leur sympathie pour John Law !
https://wn.com/L'Histoire_De_John_Law_Commenté_Par_P._Jovanovic
http://www.lejardindeslivres.fr
Il a séduit Louis XV
Il a berné les français et ruiné la France
Il a inspiré Wolgang Goethe ( Faust)
Il a inspiré Charles Gounod ( Je ris de me voir si belle en ce miroir ).
Il a inspiré Michaël Boulgakov ( Le maître et Marguerite ).
Il a inspiré les Rolling Stones ( Sympathy for the Devil ).
Il a inspiré des milliers d'autrres écrivains et musiciens à travers le temps.
Cet homme c'est John Law, un anglais de bonne famille devenu monétariste qui a inventé le billet de banque et la « planche à billets » ou « monnaie de singe » afin de sauver la France en faillite de Louis XV.
Avec toutes les planches à billets lancées aujourd'hui de manière frénétique par la Fédéral Reserve, la Bank of Japan, la Bank of England et la Banque Centrale Européenne ( des milliards de milliards d'euros, dollars yens et livres) de fausse monnaie, l'extraordinaire livre du président Adolphe Thiers es totalement contemporain et furieusement d'actualité.
Intégralement illustrée et mise à jour en langue contemporaine par le Pr. Anne-Marie Bruyant, cette narration de la France ruinée par l'invention de la fausse-monnaie/planche à billets raconte aussi l'imminente faillite de la France pour exactement la même raison : l'usage de la fausse monnaie par la Banque Centrale Européenne !
Un livre exceptionnel à lire absolument pour comprendre que la seule politique menée par les économistes actuels n'est en réalité qu'une politique de faussaires « inspirés par le démon » selon Goethe. La « Sympathie pour le Diable » des Rollings Stones est en réalité leur sympathie pour John Law !
- published: 13 Jul 2016
- views: 15465
4:07
Junior Reid - John Law (Remix)
Remix of John Law by Junior Reid on "Put Your Hands where my eyes can see"
Lyrics:
[INTRO]
check it out, if all di trees in di forest can be free
...
Remix of John Law by Junior Reid on "Put Your Hands where my eyes can see"
Lyrics:
[INTRO]
check it out, if all di trees in di forest can be free
so why can't that little tree be free yeah, if all di trees in
this world can be so free so why can't that little tree be
free
[CHORUS]
john law law what are you charging me for him seh weh
you get dem ya high grade ganja mi tell him! prescribe by
di doctor herb ah nuh nutting weh man fi charge fa
one ah dem ah seh dat ah di good alaska
next one ah seh dat ah di cambola
one ah dem ah seh dat ah di good indica
next one ah call it sensimillia
one ah dem ah call it marijuana
next one ah turn round ah call it ganja yaaa yaaa
[VERSE 1]
bounty killer smoke ah di herb til him eyes dem ah bleed
busta rhyme him wake up and smoke a fat bag ah weed
him seh one blood everybody like junior reid him seh ya
tek another draw and seh ya ya ya
when him taste di kiki high grade ganja ahh
prescribe by di doctor herb ah nuh nuttin weh man fi charge fa
ahh ahh, mi just ah come from ah woodland mi guh sew some ganja
seed mi bruk out all mi hoe an mi dig yes indeed
inna black uhuru you know ah junior reid use to be
michael bommers smoke di herba but him don't smoke di seed
cause if him smoke di seed him ah guh kill out di breed
di teens buy ah pinchers and dats ah good deed
pint ah tek ah draw mi ah guh tell you
[CHORUS]
john law law what are you charging me for him seh weh
you get dem ya high grade ganja mi tell him! prescribe by
di doctor herb ah nuh nutting weh man fi charge fa
dem waan kill it out yes inna jamaica
si dem just ah grow it inna california
use it yes and a mek rizzla
use by the nurseli and di doctor
good fi you two eyes weh you see outta ahh ahh
[VERSE 2]
bounty killer smoke ah di herb til him eyes dem ah bleed
busta rhyme him wake up and smoke a fat bag ah weed
him seh one blood everybody like junior reid him seh ya
tek another draw and seh ya ya ya
when him taste di kiki high grade ganja ahh
prescribe by di doctor herb ah nuh nuttin weh man fi charge fa
ahh ahh, mi just ah come from ah woodland mi guh sew all some
seed mi bruk out all mi hoe an mi dig yes indeed
a friend with weed yes is ah friend indeed
baby momma use it from when she ah breed
I know she ah still ah use it although baby a teethe
you know seh inna all sadam ah this weed ah lead
[CHORUS]
john law law what are you charging me for him seh weh
you get dem ya high grade ganja mi tell him! prescribe by
di doctor herb ah nuh nutting weh man fi charge fa
one ah dem ah seh dat ah di cambola
next one ah seh dat ah di good alaska
one ah dem ah seh dat ah di good indica
one ah dem ah call it sensimillia
next one ah turn round ah call it ganja
dem waan come kill it out inna jamaica
and dem ah grow it inna california
inna all sadam dem have all kind ah draw
mek di yutes dem know dat it good fi cancer
good all fi all ah di aids carrier
good fi you eyes dem weh you see outta
after use it ah cure glaucoma ahhh ahhh
[OUTRO]
di killer smoke ah di herb til him eyes dem ah bleed
busta rhyme him wake up and smoke a fat bag ah weed
him seh one blood everybody like junior reid him seh ya
tek another draw and seh ya ya ya
when him taste di kiki high grade ganja ahh
prescribe by di doctor herb ah nuh nuttin weh man fi charge
fa ahh ahh, all di weed man demx2 all di herb man demx3
sting ding whoooy.......
https://wn.com/Junior_Reid_John_Law_(Remix)
Remix of John Law by Junior Reid on "Put Your Hands where my eyes can see"
Lyrics:
[INTRO]
check it out, if all di trees in di forest can be free
so why can't that little tree be free yeah, if all di trees in
this world can be so free so why can't that little tree be
free
[CHORUS]
john law law what are you charging me for him seh weh
you get dem ya high grade ganja mi tell him! prescribe by
di doctor herb ah nuh nutting weh man fi charge fa
one ah dem ah seh dat ah di good alaska
next one ah seh dat ah di cambola
one ah dem ah seh dat ah di good indica
next one ah call it sensimillia
one ah dem ah call it marijuana
next one ah turn round ah call it ganja yaaa yaaa
[VERSE 1]
bounty killer smoke ah di herb til him eyes dem ah bleed
busta rhyme him wake up and smoke a fat bag ah weed
him seh one blood everybody like junior reid him seh ya
tek another draw and seh ya ya ya
when him taste di kiki high grade ganja ahh
prescribe by di doctor herb ah nuh nuttin weh man fi charge fa
ahh ahh, mi just ah come from ah woodland mi guh sew some ganja
seed mi bruk out all mi hoe an mi dig yes indeed
inna black uhuru you know ah junior reid use to be
michael bommers smoke di herba but him don't smoke di seed
cause if him smoke di seed him ah guh kill out di breed
di teens buy ah pinchers and dats ah good deed
pint ah tek ah draw mi ah guh tell you
[CHORUS]
john law law what are you charging me for him seh weh
you get dem ya high grade ganja mi tell him! prescribe by
di doctor herb ah nuh nutting weh man fi charge fa
dem waan kill it out yes inna jamaica
si dem just ah grow it inna california
use it yes and a mek rizzla
use by the nurseli and di doctor
good fi you two eyes weh you see outta ahh ahh
[VERSE 2]
bounty killer smoke ah di herb til him eyes dem ah bleed
busta rhyme him wake up and smoke a fat bag ah weed
him seh one blood everybody like junior reid him seh ya
tek another draw and seh ya ya ya
when him taste di kiki high grade ganja ahh
prescribe by di doctor herb ah nuh nuttin weh man fi charge fa
ahh ahh, mi just ah come from ah woodland mi guh sew all some
seed mi bruk out all mi hoe an mi dig yes indeed
a friend with weed yes is ah friend indeed
baby momma use it from when she ah breed
I know she ah still ah use it although baby a teethe
you know seh inna all sadam ah this weed ah lead
[CHORUS]
john law law what are you charging me for him seh weh
you get dem ya high grade ganja mi tell him! prescribe by
di doctor herb ah nuh nutting weh man fi charge fa
one ah dem ah seh dat ah di cambola
next one ah seh dat ah di good alaska
one ah dem ah seh dat ah di good indica
one ah dem ah call it sensimillia
next one ah turn round ah call it ganja
dem waan come kill it out inna jamaica
and dem ah grow it inna california
inna all sadam dem have all kind ah draw
mek di yutes dem know dat it good fi cancer
good all fi all ah di aids carrier
good fi you eyes dem weh you see outta
after use it ah cure glaucoma ahhh ahhh
[OUTRO]
di killer smoke ah di herb til him eyes dem ah bleed
busta rhyme him wake up and smoke a fat bag ah weed
him seh one blood everybody like junior reid him seh ya
tek another draw and seh ya ya ya
when him taste di kiki high grade ganja ahh
prescribe by di doctor herb ah nuh nuttin weh man fi charge
fa ahh ahh, all di weed man demx2 all di herb man demx3
sting ding whoooy.......
- published: 27 Dec 2009
- views: 84360
1:18
John Law's Mississippi Company in One Minute: From Economic Miracle to Bubble and Ultimately Scam
John 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 re...
John 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:
https://www.patreon.com/oneminuteeconomics
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 - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK
Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942
iBooks (Apple) - https://itun.es/us/wYSveb.l
Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0
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 - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS
Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970
iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265
Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty
Last but not least, if you'd like to follow me on social media, use one of the links below:
https://www.facebook.com/oneminuteeconomics
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https://ro.linkedin.com/in/andrei-polgar-9a11a561
https://wn.com/John_Law's_Mississippi_Company_In_One_Minute_From_Economic_Miracle_To_Bubble_And_Ultimately_Scam
John 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:
https://www.patreon.com/oneminuteeconomics
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 - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK
Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942
iBooks (Apple) - https://itun.es/us/wYSveb.l
Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0
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 - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS
Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970
iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265
Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty
Last but not least, if you'd like to follow me on social media, use one of the links below:
https://www.facebook.com/oneminuteeconomics
https://twitter.com/andreipolgar
https://ro.linkedin.com/in/andrei-polgar-9a11a561
- published: 01 Apr 2017
- views: 24709