Sleepy Stock Market
Part 2 of the John Law story. By December 1719 John Law was the second most powerful man in France: ContrΓ΄leur GΓ©nΓ©ral des Finances, head of the Banque Royale, and master of the Compagnie des Indes. Mississippi Company shares had climbed from 500 to 18,000 livres in eighteen months. The word *millionaire* was coined in Paris coffee houses to describe the fortunes his paper had created.Then on New Year's Day 1720 the Prince de Conti arrived at the bank with three empty wagons and demanded gold. Within a year, the architect of modern central banking fled Paris in an Italian abbot's robes. He died nine years later in Venice β owning eighty-four paintings and debts of one and a half million livres. π§ Part of the Sleepy Stock Market series β financial history told as documentary audio.βββββββββββββββββββββββββββββSLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.βββββββββββββββββββββββββββββ#JohnLaw #MississippiBubble #StockMarket #FinancialHistory #PaperMoney #Bubble #FinancialCrisis #History #Sleep #Documentary
41 episodes
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