John Law and the Mississippi Bubble: 1718-1720
John Law Glossary
In the early 18th century the economy of France was depressed. The government was deeply in debt and taxes were high. In addition, the French controlled the colony of Louisiana, a vast settlement in the interior of North America. The Louisiana Colony included the Natchez district and the area along the Mississippi Gulf Coast in present-day Mississippi. France was the first European country to settle this area of North America (1699-1763).