Mississippi Bubble

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Mississippi Bubble

An 18th-century speculative bubble resulting from the Mississippi Company, which had a charter from the King of France for overseas trade with the Louisiana Territory and elsewhere. The Company's founder, John Law, promoted the trade of the stock, which was guaranteed indirectly by the King. The company issued notes (through the Banque Royale) until the government admitted it did not have sufficient coinage to cover the notes it had printed. This resulted in a bank run and the burst of the bubble in 1720. The Mississippi bubble was one of the first times a bank issued paper money.
References in periodicals archive ?
At the height of Law's career, in January 1720, he was made France's comptroller general and the superintendent general of finance, in addition to being a large shareholder in the Mississippi Company.
Several things are important to note about the Mississippi Company and its shares at this point.
The Mississippi Company Might Have Been a "Bubble" .
Researchers who belong to the second school described above (bubbles happen) think that the rise and fall of the Mississippi Company was indeed a good example of a bubble.
These studies suggest that bubbles are very likely to occur when more of the market participants are new to trading (as was true in the Mississippi bubble), and match the spectacular price rise and precipitous fall that were observed in share prices of the Mississippi Company.
of Batesville is suing a Mississippi company for trademark infringement for using a similar name: Bad Boy Enterprises LLC.
But the Mississippi company declined to change the trademark and then suggested that the Arkansas Bad Boy "should be contemplating a change in its trademark," the lawsuit said.
The Company said that it and certain funds managed by affiliates of Fortress Investment Group LLC ("the Fortress Funds"), would jointly acquire the Simpson County, Mississippi company.
The company is predominantly a Mississippi company, although it has, in recent years, expanded into the Florida panhandle, Tennessee and Texas.
This year, Mississippi Highway Patrol will be expanding their existing system by awarding EST a $210,000 order through EST's Reseller ADSi, a Mississippi company that provides Public Safety software nationwide.
It makes us an even stronger Mississippi company," said W.
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