Banque Royale

The crown takes a closer grip on Law’s bank. Notes and share demand reinforce each other. The break is still 1720.

Portrait of John Law. The Banque Générale is 1716. The collapse is 1720. This is not a picture of the bust.Public domain.

In 1718–19 the Banque Générale is reorganized as the Banque Royale. Note issue and demand for Mississippi shares reinforce each other. The notes had been a claim on coin under stated rules.

Peak prices sit in late 1719 and early 1720. The collapse is 1720. England is still on the 1694 charter and the 1708 note rule. Do not merge this with the assignats.

John Law and the Mississippi Bubble →