1720, MISSISSIPPI BUBBLE, STOCK MARKET CRASH, N. AMERICA, USA, LOUISIANA, FRANCE-1. LOT OF 1 SATYRICAL DUTCH SINGLE SHEET WITH COPPERENGR. The scheme was engineered by John Law, a Scottish adventurer, economic theorist, and financial wizard who was a friend of the regent, the Duke dOrléans. In 1716 Law established the Banque Générale, a bank with the authority to issue notes. A year later he established the Compagnie dOccident (Company of the West) and obtained for it exclusive privileges to develop the vast French territories in the Mississippi River valley of North America. Laws company also soon monopolized the French tobacco and African slave trades, and by 1719 the Compagnie des Indes (Company of the Indies), as it had been renamed, held a complete monopoly of Frances colonial trade. Given the potential for profits involved, public demand for shares in the Compagnie des Indes increased sharply, sending the price for a share from 500 to 18,000 livres, which was out of all proportion to earnings. By 1719 Law had issued approximately 625,000 stock shares, and he soon afterward merged the Banque Générale with the Compagnie des Indes. A frenzy of wild speculation ensued that led to a general stock-market boom across Europe. Meanwhile the expected profits from the companys colonial ventures were slow to materialize, and the intricate linking of the companys stock with the states finances ended in complete disaster in 1720, when the value of the shares plummeted, causing a general stock market crash in France and other countries. Though the crash was not directly attributable to Law, he was the obvious scapegoat and was forced to flee France in December 1720. 39 X 26 CMS, , WITH GOOD MARGINS , NO WATERSTAINS, OCCASIONAL FOXING , NO SIGNIFICANT BROWNING OF PAPER BY AGE , LITTLE SOILING , ALTOGETHER IN VERY GOOD CONDITION!! PLEASE VIEW PICTURES CAREFULLY! ALSO PLEASE, CHECK OUT MY. THERE ARE MORE ITEMS LISTED NOW!! NO REPRINTS OR MODERN COPIES!!!!!!!!! Be sure to add me to your favorites list. Check out my other items. The fast, easy, and secure way to pay on-line. 100 EUROS OR OVER TO MOST EC-LOCATIONS [WITHOUT EXTRA CHARGE] AUTOMATICLY [WHERE SERVICE AVAILABLE], OTHER LOCATIONS ON REQUEST ONLY. BUT PLEASE REMIND : DUE TO THE PRESENT POLITICAL SITUATION , ITEMS TO TUR. CE [OR ANOTHER EU-LOCATION] – THIS MIGHT [BUT MUST NOT] CAUSE SOME SMALL DELAY, BUT ITEMS SURELY WILL ARRIVE. VAT REGISTERED BUYERS WITHIN THE EU , PLEASE COMMUNICATE YOUR VAT. Auctiva offers Free Image Hosting and Editing. Auctiva gets you noticed! Track Page Views With. Auctiva’s FREE Counter. The item “1720, MISSISSIPPI BUBBLE, STOCK MARKET CRASH, N. AMERICA, USA, LOUISIANA, FRANCE-1″ is in sale since Thursday, October 3, 2019. This item is in the category “Antiques\Maps, Atlases & Globes\North America Maps”. The seller is “gkrgrec” and is located in NICOSIA. This item can be shipped worldwide.
- Cartographer/Publisher: ANONYMOUS
- Date Range: 1700-1799
- Format: Sheet Map
- US State: Louisiana
- Year: 1720
- Original/Reproduction: Antique Original
- Printing Technique: Copper Plate
- Type: Novelty Map
- Country/Region: United States of America
Posted in mississippi | 
Comments Off | October 14th, 2019
