| Share
 
Dictionary of Phrase and Fable—L

Law's Bubble

The famous Mississippi scheme, devised by John Law, for paying off the national debt of France (1716-1720). By this “French South-Sea Bubble” the nation was almost ruined. It was called Mississippi because the company was granted the “exclusive trade of Louisiana on the banks of the Mississippi.”

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
Laws of the Medes and Persians
Law Latin
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

More on Law's Bubble from Infoplease:

  • Law's Bubble - Law's Bubble The famous Mississippi scheme, devised by John Law, for paying off the national ...
  • Dictionary of Phrase and Fable: L - Definitions, origins, and illustrative excerpts for words, phases, and literary allusions starting with "L"

Related Content

24 X 7

Private Tutor

Click Here for Details
24 x 7 Tutor Availability
Unlimited Online Tutoring
1-on-1 Tutoring
Explore Online Math Tutor , 11th Grade Math