The Rise and Fall of John Law: From Paper Money to Financial Ruin

What was John Law's initial idea about gold and silver?

John Law explored the idea that gold and silver don't have inherent value.

How did John Law become one of the richest men in Europe?

John Law becomes one of the richest men in Europe through cards and market speculation.

What caused the catastrophic economic collapse during John Law's time?

The catastrophic economic collapse was caused by rampant inflation as people borrowed and spent against their highly valued stock.

What led to the skyrocketing of stock prices during John Law's time?

Stock prices skyrocketed as John Law issued shares and sold them to pay off government debt.

How did John Law persuade powerful men in Paris?

John Law's ability to calculate precise odds and his charm opened doors for him to persuade powerful men in Paris.