PREVIEW
... juggernaut John Law established the Mississippi Company to solve France’s massive debt. He obtained exclusive rights to operate the Louisiana colony from the French Government, and subsequently, the company began offering shares.
Because there were rumors of abundant gold mines in the Mississippi River basin, and the company successively gained the rights to operate more of France’s overseas colonies, the stock price steadily increased.
From the initial offer of 500 livres per s ...
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