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How Did the Mississippi Bubble Sell an Empire? - The Colonial Canvas Behind the Mississippi Bubble | Sleepy Facts About History
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In 1719, a narrow Paris street called Rue Quincampoix became the center of an extraordinary financial frenzy. Share prices in John Law's Mississippi Company rose twentyfold in a matter of months as duchesses, servants, and bishops crowded together to buy pieces of paper promising wealth beyond measure. But these shares were not abstract claims. They were promises of French Louisiana, a very real territory inhabited by powerful Indigenous nations and covered in swamps and forests. This…
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