1719 map of Louisiana, made to promote the Louisiana Company. The company had a monopoly on trade wi
1719 map of Louisiana, made to promote the Louisiana Company. The company had a monopoly on trade with the Louisiana territory, and its director, John Law, managed to persuade many French people that there were unbelievable riches to be had there. A wild frenzy of speculation and investment ensued, leading to the “Mississippi Bubble.” In 1720, there was a run on the paper money issued by the company, and the company collapsed. -- source link
#history#finance#louisiana#france