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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. In 1717, the Mississippi Company received a royal grant with exclusive trading ...
- 1721
- France
- 1684
- International trade
Mar 23, 2021 · Mississippi Company: An example of a famous speculative bubble that occurred from 1719-1720. In 1715 the country of France was in a dire economic straits, with an unstable treasury and a wildly ...
- Will Kenton
Mar 22, 2024 · The Mississippi Company & John Law John Law was born into a Scottish family of bankers and goldsmiths. He established himself in France and eventually his proposal to establish the Banque Générale, later nationalized and renamed Banque Royale, was accepted.
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May 31, 2023 · The Mississippi Company also absorbed all of France's debt. Law began selling shares in the company to investors in order to fund the company's operations and for France's national bonds.
Mar 20, 2024 · The Mississippi Company, a pivotal player in 18th-century France, serves as a cautionary tale of speculative bubbles.This article delves into its history, the impact on the French economy, and the lessons it offers about the consequences of unchecked speculation.
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.
Dec 25, 2023 · The Mississippi Company, also known as the Company of the West (Compagnie d’Occident), was a corporation that emerged during the early 18th century in France. It was founded in 1717 by Scottish economist and financier John Law, with the intention of developing trade and commerce in French territories, particularly in the Mississippi Valley ...
