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Joihn Laws Scheme
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Joihn Laws Scheme
Satire on John Laws Louisiana fiasco. Scots economist appointed controller-general of finances in France, he launched the disastrous Mississippi bubble
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Media ID 588326
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10189060
1720 Appointed Commerce Controller Disastrous Economist Failure Finances Launched Louisiana Mississippi Satire Scheme Scots Fiasco
EDITORS COMMENTS
This intriguing print captures the essence of John Law's ill-fated scheme in 1720, a historical event that left a lasting impact on France's economy. The image depicts the Scots economist appointed as controller-general of finances in France, launching what would become known as the disastrous Mississippi bubble.
John Law's ambitious plan to stimulate commerce and boost the economy ultimately led to financial ruin for many investors. His misguided efforts resulted in a massive failure that reverberated throughout France and beyond.
The satire depicted in this print serves as a stark reminder of the dangers of unchecked ambition and reckless financial schemes. It is a cautionary tale that continues to resonate with modern audiences, highlighting the importance of sound economic principles and responsible governance.
As we reflect on this dark chapter in history, we are reminded of the consequences of greed and hubris. The legacy of John Law's Louisiana fiasco lives on as a warning against placing blind faith in charismatic leaders who promise quick fixes without considering the long-term implications.
Through this powerful image, Mary Evans Picture Library invites us to contemplate the lessons learned from past mistakes and strive for greater accountability and transparency in our financial systems.
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