French East India Company
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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 [1]) was a corporation holding a business monopoly in French colonies in North America and the West Indies.
Mar 23, 2021 · The Mississippi Company was a French trading company that monopolized the U.S. colonies in the 18th century. It became a symbol of a speculative bubble that burst in 1720, causing economic chaos in France and Europe.
- Will Kenton
Aug 22, 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.
The colony of Louisiana's connection to the Mississippi River gave rise to the company's more popular name, The Mississippi Company. Law's company had exclusive trading privileges in the territory for twenty-five years; it could appoint its own governor and officers in the colony and make land grants to potential developers.
Mar 20, 2024 · In dissecting the rise and fall of the Mississippi Company, we uncover not only a historical episode of financial excess but also enduring lessons for modern economies.
May 31, 2023 · The Mississippi Bubble was a financial crisis in 18th-century France caused by speculation in the Mississippi Company's shares and paper currency. Learn how it started, how it burst and what it taught us about economic bubbles.
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Jan 10, 2014 · Learn how John Law's Mississippi Company used paper money and credit to finance trade and pay off France's debt, but triggered hyperinflation and a stock market crash in 1720. Explore the lessons for modern monetary policy and fiscal union in Europe.
