Title
10 livres tournois banknote, issued by the Banque Royale, France, 1720
Caption
10 livres tournois banknote, issued by the Banque Royale, France, 1720. In 1716, Scottish economist John Law established a bank in France. It was bought by the French government in 1718 and renamed the Banque Royale. Law also founded the Mississippi Company. However, he overvalued its assets, creating a bubble, as more and more people bought shares. shareholders demanded cash payment, leading to a run on the bank and financial chaos in France.
Date
1720
Credit line
Photo12/Ann Ronan Picture Library
Reference
ARP17A10_058
License type
Rights managed
Available size
60,0Mb (3,6Mb) / 19,0in x 12,3in / 5689 x 3686 (300dpi)