John Law

E658052

John Law was a Scottish economist and financier who became a powerful advisor in France, where he implemented radical monetary and banking reforms that led to the infamous Mississippi Bubble during the Regency period.

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Statements (48)

Predicate Object
instanceOf economist
financier
government advisor
human
birthDate 1671-04-21
birthPlace Edinburgh NERFINISHED
Kingdom of Scotland NERFINISHED
causeOf inflation and speculative mania in early 18th-century France
countryOfCitizenship Kingdom of Scotland
dateOfDisappearanceFromPower 1720
deathDate 1729-03-21
employer Kingdom of France NERFINISHED
Regency government of Philippe II, Duke of Orléans NERFINISHED
era Regency of Philippe II, Duke of Orléans NERFINISHED
ethnicGroup Scottish
event Mississippi Bubble financial crisis
familyName Law NERFINISHED
givenName John NERFINISHED
influenced development of central banking ideas
later theories of monetary policy
influencedBy mercantilist economic thought
knownFor Mississippi Bubble NERFINISHED
creating the Compagnie d’Occident (Mississippi Company)
founding the Banque Générale in France
introduction of paper money in France
radical monetary and banking reforms in France
languageOfWorkOrName English
French
movement early monetary theory
name John Law NERFINISHED
notableIdea monetary expansion to stimulate trade and employment
state-chartered bank issuing banknotes
use of paper money backed by land or shares
notableWork System of paper money and credit in France NERFINISHED
occupation banker
economist
financier
gambling professional
speculator
placeOfDeath Republic of Venice NERFINISHED
Venice NERFINISHED
positionHeld Controller General of Finances of France NERFINISHED
Director General of the Banque Générale
Director General of the Banque Royale
religion Protestant Christianity
surface form: Protestantism
replacedBy traditional metallic money system in France
workLocation France
Paris

Referenced by (4)

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