Скачать или смотреть The First Financial Bubble in History: The Mississippi Bubble (1720)

The Mississippi Bubble, which occurred in France in 1720, is one of the first major speculative collapses in financial history. Scottish financier John Law's experiment with paper money and credit expansion initially seemed miraculous but ended in disaster.
The system established to resolve France's financial crisis was built on the promise of wealth from the Louisiana colony. Mississippi Company shares soared from 500 livres to 10,000 livres within a year. However, the printing of 2 billion livres in banknotes and the mandatory use of paper money collapsed the system.
This historical event taught one of the fundamental lessons of modern finance: The value of paper money can only be preserved through trust, convertibility, and reasonable limits.