Mississippi Scheme definition of Mississippi Scheme in the Free Online Encyclopedia.

Mississippi Scheme, plan formulated by John Law Law, John, 1671–1729, Scottish financier in France, b. Edinburgh. After killing a man in a duel (1694) he fled to Amsterdam, where he studied banking. Returning to Scotland (1700), he proposed to Parliament plans for trade and revenue reforms and published
..... Click the link for more information. for the colonization and commercial exploitation of the Mississippi valley and other French colonial areas. In 1717 the French merchant Antoine Crozat transferred his monopoly of commercial privileges in Louisiana Louisiana , state in the S central United States. It is bounded by Mississippi, with the Mississippi R. forming about half of the border (E), the Gulf of Mexico (S), Texas (W), and Arkansas (N).
..... Click the link for more information. to Law, who, with the sanction of the French regent, Philippe II, duc d'Orléans, organized the Compagnie d'Occident. Its shares first depreciated in value but rose rapidly when Law, director of the new royal bank, promised to take over the stock at par at an early date. In 1719 the company absorbed several other organizations for the development of the Indies, China, and Africa, and Law thus controlled French colonial trade. The consolidated company, renamed the Compagnie des Indes (but commonly known as the Mississippi Company), was given, among other privileges, the right of farming the taxes. It then assumed the state debt and finally was officially amalgamated (1720) with the royal bank. Public confidence was such that a wild orgy of speculation in its shares had set in. The speculation received a strong impetus from Law's advertising, which described Louisiana as a land full of mountains of gold and silver. One story told of a fabulous emerald rock on the Arkansas River, and an expedition promptly set out to find it. Overexpansion of the company's activities, the almost complete lack of any real assets in the colonial areas, and the haste with which Law proceeded soon brought an end to his scheme. A few speculators sold their shares in time to make huge profits, but most were ruined when the "Mississippi Bubble" burst in Oct., 1720. In the governmental crisis that followed, Law's financial system was abolished, and he fled the country (Dec., 1720). Although a failure in its financial aspects, the Mississippi Scheme was responsible for the largest influx of settlers into Louisiana up to that time.

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No references found	I and a brother banker have obtained a grant of a railway, the only industrial enterprise which in these days promises to make good the fabulous prospects that Law once held out to the eternally deluded Parisians, in the fantastic Mississippi scheme. The Count of Monte Cristo by Dumas, Alexandre View in context	Mission Revival Mission style Mission Tejas State Park mission tile Mission Trail Mission Trails Regional Park Mission: Wolf missionary Missionary Ridge Missionary Work missions Missisquoi National Wildlife Refuge Mississauga Mississinewa Lake Mississippi Mississippi Bubble, the Mississippi County Mississippi Gulf National Heritage Area Mississippi National River & Recreation Area Mississippi National River and Recreation Area Mississippi Palisades State Park Mississippi River Mississippi River State Fish & Wildlife Area Mississippi River-type buoy Mississippi Sandhill Crane National Wildlife Refuge Mississippi Scheme Mississippi Sound Mississippi State Parks Mississippi State University Mississippi State University for Women Mississippi Valley Lead and Zinc Deposits Mississippi, University of Mississippian Mississippian culture Mississippian period Mississippian Subperiod Missnay-Schardin effect Missolonghi Missoula Missoula County Missouri Missouri Compromise Missouri Headwaters State Park Missouri Mines State Historic Site Missouri National Recreational River Missouri Plan Missouri Plateau Missouri River Missouri River basin project Missouri State Parks Missouri, University of	Mississippi River Bridge Mississippi River Bridge Authority Mississippi River Commission Mississippi River Conservation Initiative Mississippi River Festival Mississippi River Fund Mississippi River Gulf Outlet Mississippi River Levee Mississippi River Maple Association Mississippi River Maritime Association Mississippi River Navigational Pool #2 Mississippi River Plume Mississippi River Regional Planning Commission Mississippi River Research Consortium Mississippi River State Fish & Wildlife Area Mississippi River Sugar Belt Railroad Mississippi River Trading Company Mississippi River Transmission Corporation Mississippi River Valley Alluvial Aquifer Mississippi River-type buoy Mississippi Road Builders' Association Mississippi Rural Water Association Mississippi Safe Schools Coalition Mississippi Sandhill Crane National Wildlife Refuge Mississippi Sandhill Crane National Wildlife Refuge Mississippi Scheme Mississippi Scholastic Chess Organization Mississippi School for Mathematics and Science Mississippi School for the Deaf Mississippi Science Teacher's Association Mississippi Section Phone Net Mississippi Sex Offender Registry Mississippi Society of Anesthesiologists Mississippi Society of Health-System Pharmacists Mississippi Soil and Water Conservation Commission Mississippi Sound Mississippi Sound Mississippi Southern Railroad Mississippi Soybean Promotion Board Mississippi Space Service Mississippi Speech-Language-Hearing Association Mississippi St. Mississippi State Mississippi State Board of Dental Examiners Mississippi State Board of Health Mississippi State Board of Massage Therapy Mississippi State Board of Medical Licensure Mississippi State Board of Public Accountancy Mississippi State Board of Registered Professional Geologists Mississippi State Budget Generator Mississippi State Championship Challenge Series

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I and a brother banker have obtained a grant of a railway, the only industrial enterprise which in these days promises to make good the fabulous prospects that Law once held out to the eternally deluded Parisians, in the fantastic Mississippi scheme.