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10 livres tournois banknote, issued by the Banque Royale, France, 1720

10 livres tournois banknote, issued by the Banque Royale, France, 1720. In 1716, Scottish economist John Law established a bank in France. It was bought by the French government in 1718 and renamed the Banque Royale. Law also founded the Mississippi Company. However, he overvalued its assets, creating a bubble, as more and more people bought shares. shareholders demanded cash payment, leading to a run on the bank and financial chaos in France.
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Titre:
10 livres tournois banknote, issued by the Banque Royale, France, 1720
Légende: Voir la traduction automatique
10 livres tournois banknote, issued by the Banque Royale, France, 1720. In 1716, Scottish economist John Law established a bank in France. It was bought by the French government in 1718 and renamed the Banque Royale. Law also founded the Mississippi Company. However, he overvalued its assets, creating a bubble, as more and more people bought shares. shareholders demanded cash payment, leading to a run on the bank and financial chaos in France.
Crédit:
Album / World History Archive
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Modèle: Non - Propriété: Non
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Taille de l'image:
5689 x 3686 px | 60.0 MB
Taille d'impression:
48.2 x 31.2 cm | 19.0 x 12.3 in (300 dpi)
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