Wednesday, January 22, 2014

The Mississippi Bubble

The Mississippi Bubble
 The Mississippi Bubble refers to a period in French history during which the stock price of the Mississippi Company skyrocketed due to the company's growing empire and investors' strong confidence in its management. The company's stock price had dropped by 90% by December 1720 and left investors penniless. It took France 80 years to reintroduce paper currency, and 105 years to retract the Bubble Act.
Read More : Mississippi Bubble

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