This form is a due diligence data summary to be prepared for the company and each of its Subsidiaries in business transactions.
Mississippi Company Data Summary
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US-DD0705
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FAQ
The Mississippi bubble is one of the biggest asset bubbles known to the modern world. This bubble first led France out of bankruptcy and straight into prosperity. Then this same bubble caused the opposite to happen, bankrupted France and gave an impetus to the revolution.
By 1719 Law had issued approximately 625,000 stock shares, and he soon afterward merged the Banque GenA©rale with the Compagnie des Indes.
The Mississippi Company had been working on developing the U.S. French territories in the Mississippi River valley and was doing exceptionally well. The company quickly grew to hold a monopoly on French tobacco and African slave trades in the region.
The Mississippi Company in 1720 $6,000,000,000,000 The owner of the company, John Law, exaggerated the wealth of Louisiana through a marketing scheme, leading to a run on company stock.
The-mississippi-bubble definition The Mississippi Bubble occurred from August 1719 to May 1720, growing out of France's terrible economic situation in the early 18th century. When Louis XIV died in 1715, the French Treasury was a disaster, with the price of metal coins fluctuating wildly.
Inflation reached a monthly rate of 23 percent in January 1720. Opponents of the financier attempted to convert their notes into specie (gold and silver) en masse, forcing the bank to stop payment on its paper notes. The "bubble" burst at the end of 1720.
Overview of the Louisiana Purchase. Louisiana Purchase, western half of the Mississippi River basin purchased in 1803 from France by the United States; at less than three cents per acre for 828,000 square miles (2,144,520 square km), it was the greatest land bargain in U.S. history.
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