His gambling history demonstrated his inability to know when to stop while he was ahead. His financial and professional status was a dream come true. However, greed and the need to gamble drove him to his life alone and on the run. He was the ultimate inside trader having his business and his bank in the same building – which he owned – continually paying one debt with profits from another scheme. He inflated the French economy in the process of trying to create personal economic success. When rumors spread about that Law’s system was not working well, the share price at the Mississippi Company began to slide and confidence was diminishing losing ninety percent of the shares volume. The world’s first stock market bubble was
His gambling history demonstrated his inability to know when to stop while he was ahead. His financial and professional status was a dream come true. However, greed and the need to gamble drove him to his life alone and on the run. He was the ultimate inside trader having his business and his bank in the same building – which he owned – continually paying one debt with profits from another scheme. He inflated the French economy in the process of trying to create personal economic success. When rumors spread about that Law’s system was not working well, the share price at the Mississippi Company began to slide and confidence was diminishing losing ninety percent of the shares volume. The world’s first stock market bubble was