Presenter Information

Katy Baker, St. Mary's Academy

Start Date

2-5-2013 10:30 AM

End Date

2-5-2013 11:45 AM

Description

Of the world's many economic meltdowns spurred by desperation, overconfident leaders with too much power, and a lack of experience or transparency, the Mississippi Bubble was one of the first that wiped out an entire economy. This paper explores how the decisions of John Law, a Scottish financier, economist, and compulsive gambler, led to the so-called Mississippi Bubble. A phenomenon which contributed to the drastic rise and fall of individuals' finances, hyperinflation, the devaluation of France's currency during the regency of Philippe d'Orleans.

Persistent Identifier

http://archives.pdx.edu/ds/psu/9434

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May 2nd, 10:30 AM May 2nd, 11:45 AM

John Law’s Flawed but Well Intended Système

Of the world's many economic meltdowns spurred by desperation, overconfident leaders with too much power, and a lack of experience or transparency, the Mississippi Bubble was one of the first that wiped out an entire economy. This paper explores how the decisions of John Law, a Scottish financier, economist, and compulsive gambler, led to the so-called Mississippi Bubble. A phenomenon which contributed to the drastic rise and fall of individuals' finances, hyperinflation, the devaluation of France's currency during the regency of Philippe d'Orleans.