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The Mississippi Bubble
Hardcover
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The Mississippi Bubble
By Emerson Hough
In 1719-20, France faced two huge economic problems: government debt and a credit crunch. John Law, a clever Scot had an idea -- issue paper money not linked to gold or silver, and sell shares in a government enterprise to raise money. The enterprise was the Mississippi. Mississippi Bubble was a best-seller when it was first published in 1902.
By Emerson Hough
In 1719-20, France faced two huge economic problems: government debt and a credit crunch. John Law, a clever Scot had an idea -- issue paper money not linked to gold or silver, and sell shares in a government enterprise to raise money. The enterprise was the Mississippi. Mississippi Bubble was a best-seller when it was first published in 1902.
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