French East India Company
Search results
The Mississippi Company (French: Compagnie du Mississippi; founded 1684, named the Company of the West from 1717, and the Company of the Indies from 1719) was a corporation holding a business monopoly in French colonies in North America and the West Indies.
Mar 23, 2021 · The Mississippi Company is a company that experienced rapid growth and decline in 18 th century France. It is commonly used as a cautionary tale when discussing speculative bubbles . Key...
- Will Kenton
Jun 4, 2024 · In 1717, he bought the Mississippi Company (originally found in the 1670s) to help ensure the success of the colony of Louisiana. He also started the Compagnie d'Occident and obtained a monopoly of trading to the Americas specifically the Mississippi River Valley.
May 31, 2023 · The bubble burst in 1720 following a bank run after the value of French banknotes and shares in the Mississippi Company dropped.
Mar 20, 2024 · The Mississippi Company, notorious for its rapid rise and fall in 18th-century France, provides a significant lesson on the perils of speculative bubbles. Examining its history and consequences illuminates the dangers associated with unchecked market speculation. History of the Mississippi company.
Not only would Law advance the use of paper money, the French word millionaire would come into use as a result of his most famous scheme — the Mississippi Company. In 1716 Law convinced the French government to let him open a bank, the Bank Generale, that could issue paper money, or bank notes.
People also ask
What did the Mississippi Company do?
What did the Mississippi Company do in 18th century France?
How did the Mississippi Company get its share price?
What happened to the Mississippi Company in 1721?
Why is the Mississippi Company a speculative bubble?
Why did the Mississippi Company rise in value?
Jan 10, 2014 · And like Blunt, in 1719 Law formed a trading company—the Mississippi Company—to exploit trade in the Louisiana territory. But unlike Blunt or the South Sea Company, the Mississippi Company made an earnest effort to grow trade with the Louisiana territory.
