#shorts
One of the worst disasters of the 18th century: The Mississippi Bubble
The French government gave the Mississippi Company, led by Scottish financier John Law, a monopoly on trade with Louisiana and Canada, and Law hyped the potential profits from trading in the region.
Initially hailed as a financial genius and the architect of France’s economic revival, Law was forced to flee France to escape public outrage and potential legal repercussions.
He spent the rest of his life in exile, facing financial ruin and a tarnished reputation.
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