
Discover the wild true story of John Law - gambler, duelist, and economic genius who invented paper money, created history's first stock market bubble, and whose financial experiments still haunt our modern economy. The Mississippi Company's spectacular crash offers eerie lessons for today's investors.
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John Law's story reads like a thriller - Scottish mathematician turned gambler, murderer, prison escapee, and ultimately the creator of the world's first major stock market boom. In the early 1700s, as European monarchs faced bankruptcy from endless wars, Law proposed a revolutionary solution: replace scarce gold and silver with abundant paper money. His system briefly transformed France from destitution to prosperity, introducing the word "millionaire" to our vocabulary. What makes Law's story so compelling today is how eerily familiar it feels - he essentially predicted our modern financial system three centuries ago. From credit cards to digital currencies, we now live in the cashless world Law envisioned. Yet his spectacular rise and catastrophic fall offers timeless lessons about financial innovation, human psychology, and the dangerous line between genius and delusion. Have you ever wondered why we trust the value of paper money? The answer begins with John Law.
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Criado por ex-alunos da Universidade de Columbia em San Francisco
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Criado por ex-alunos da Universidade de Columbia em San Francisco

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