Mississippi Scheme

Mississippi Scheme was started in France 1717 by John Law and the Government, ostensibly to develop the Mississippi basin, but really to ease the pressure on the exchequer; a company was formed and empowered to monopolise almost all the foreign trade; 624,000 shares were issued; depreciated paper currency was accepted in payment, and the national bank issued notes without stint; in 1719 the demand for shares was enormous; the nation was completely carried away; next year the crash came; the Government made every effort to save the position, but in vain; the distress was extreme, and Law had to leave the country.

Definition taken from The Nuttall Encyclopædia, edited by the Reverend James Wood (1907)

Mississippi River * Missolonghi
Mirabeau, Victor Riquetti, Marquis de
Miracle Plays
Miranda
Miranda, Francesco de
Miserere
Mishna
Misprision
Missal
Mississippi
Mississippi River
Mississippi Scheme
Missolonghi
Missouri
Mistral, Frederick
Mitford, Mary Russell
Mitford, William
Mithras
Mithridates the Great
Mitrailleuse
Mivart, St. George
Mnemosynë