The Mississippi Bubble: France’s Wild Gamble

追加: 2026-06-02

[00:00:00]What happens when speculation runs wild?

[00:00:03]In early 18th century France, John Law, a Scottish financier, convinced the government to let him manage the Mississippi Company, promising vast riches from French territories in North America.

[00:00:14]Shares soared as people traded their savings for company stock, dreaming of quick wealth.

[00:00:20]The frenzy grew until reality struck.

[00:00:22]There was little gold to back the promises.

[00:00:25]Confidence collapsed, panic spread, and fortunes vanished overnight. The Mississippi Bubble's burst left France in chaos and changed financial history forever.