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John Law and Richard Cantillon: The First Mississippi Fortune — Phase One
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Abstract
Cantillon's financial career was closely linked with that of John Law (1671–1729). Law wished to solve France's twin crises, the shortage of money and the high level of state indebtedness, through the establishment of a bank issuing paper money and a trading company to take over the national debt. Cantillon bought into the shares of the Mississippi Company at an early stage and made his first fortune by buying and selling its shares.
Title: John Law and Richard Cantillon: The First Mississippi Fortune — Phase One
Description:
Abstract
Cantillon's financial career was closely linked with that of John Law (1671–1729).
Law wished to solve France's twin crises, the shortage of money and the high level of state indebtedness, through the establishment of a bank issuing paper money and a trading company to take over the national debt.
Cantillon bought into the shares of the Mississippi Company at an early stage and made his first fortune by buying and selling its shares.
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