Financier · 1671–1729
John Law
Regency France fused his note-issuing bank with Mississippi Company shares. Both broke in 1720.
John Law persuaded the Regency of Philippe d’Orléans to charter a bank whose notes and a colonial share company rose together. In 1720 the paper and the shares came down together.
That is one regency’s paper-and-shares collapse — notes and Mississippi equity breaking in the same year.