It was the end of 1720 when the Mississippi Bubble finally popped, one of the first central bank-induced bubbles in the younger history.
Great write up. Really interesting history. One of the first (I think?) documented examples of financial engineering on a national scale. Certainly not the last, though the effects would appear to be consistent throughout...
Great write up. Really interesting history. One of the first (I think?) documented examples of financial engineering on a national scale. Certainly not the last, though the effects would appear to be consistent throughout...