Mississippi Bubble

E321730

The Mississippi Bubble was an early 18th-century French financial crisis triggered by speculative investment in John Law’s Mississippi Company, culminating in a dramatic stock market collapse and loss of public confidence in paper money.

All labels observed (1)

Label Occurrences
Mississippi Bubble canonical 4

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf economic bubble ⓘ
financial crisis ⓘ
speculative bubble ⓘ
aftermath curtailment of large-scale financial experiments in France ⓘ
reversion to metallic currency in France ⓘ
appliesToJurisdiction Kingdom of France ⓘ
country France ⓘ
describedBySource contemporary pamphlets and memoirs ⓘ
differentFrom South Sea Bubble ⓘ
endTime 1720 ⓘ
fieldOfWork financial history ⓘ
follows War of the Spanish Succession ⓘ
hasAnalogy South Sea Bubble ⓘ
hasCause conversion of French government debt into company shares ⓘ
creation of the Mississippi Company ⓘ
easy credit policies of John Law’s bank ⓘ
exaggerated expectations about wealth from Louisiana ⓘ
granting of monopoly rights over French colonial trade ⓘ
merger of several French trading companies ⓘ
hasEffect French government debt crisis ⓘ
bankruptcy of many investors ⓘ
collapse of public confidence in paper money ⓘ
discrediting of John Law’s financial system ⓘ
economic disruption in France ⓘ
inflation followed by deflation in France ⓘ
long-term distrust of paper money in France ⓘ
loss of savings for French nobility and bourgeoisie ⓘ
political embarrassment for the Regency government ⓘ
hasPart collapse of Mississippi Company share prices ⓘ
loss of confidence in paper money ⓘ
monetary instability in France ⓘ
rapid rise in Mississippi Company share prices ⓘ
run on the Banque Générale ⓘ
location French colonies in North America ⓘ
Kingdom of France ⓘ
Paris ⓘ
mainCause expansion of paper money and credit ⓘ
overvaluation of Mississippi Company shares ⓘ
speculative investment in the Mississippi Company ⓘ
operator John Law ⓘ
pointInTime early 18th century ⓘ
saidToBeTheSameAs Law System crisis ⓘ
significantEvent creation of the Compagnie d’Occident ⓘ
flight of John Law from France ⓘ
forced conversion of banknotes and shares ⓘ
nationalization of John Law’s bank as Banque Royale ⓘ
renaming to Compagnie des Indes ⓘ
suspension of specie payments ⓘ
significantPerson John Law ⓘ
Philippe II, Duke of Orléans ⓘ
startTime 1719 ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

South Sea Bubble → relatedEvent → Mississippi Bubble ⓘ
Extraordinary Popular Delusions and the Madness of Crowds → notableCaseStudy → Mississippi Bubble ⓘ
French Regency (1715–1723) → notableEvent → Mississippi Bubble ⓘ
John Law → knownFor → Mississippi Bubble ⓘ