John Law, Comptroller General of France, 1720 (1841)
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John Law, Comptroller General of France, 1720 (1841)
John Law, Comptroller General of France, 1720 (1841). A Scottish economist, gambler, banker, murderer, royal advisor, exile, rake and adventurer, Law (1671-1729) fled to France after killing a man in a duel. Gaining the favour of the Regent of France, the Duc d Orleans, he became influential in French political and economic circles. He is best known as the founder of the Mississippi Scheme (1717-1720) to develop colonies in the Mississippi valley, which gained him great popularity in France and made him a paper millionaire. The scheme was largely based on speculation rather than actual economic growth however, and a crisis in confidence caused the Mississippi Bubble to burst, forcing Law to leave France, dying in poverty in Venice
Media ID 14865672
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Economist Financier John Law Mississippi Bubble Oxford Science Archive Rake Speculation Wealth Wealthy
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