What happened at 1720 ? what it refers ?
The spectacular rise and fall of the Mississippi Company in 1720 in Paris.
The Mississippi Company was the brainchild of mathmatical genius and reckless gambler John Law. On the run from London having killed a man in a duel, Law's first achievement was to bring paper currency to France. The Mississippi Company was to bring even greater prosperity to war ravaged 18th century France.
Based on the premise that Mississippi contained vast quanities of gold, silver and emeralds, people initially flocked from all over Europe to buy shares in the New World. Law's own footman became a millionaire.
But when the dream of untold wealth was found to be based on an illusion, the results were catastrophic. Speculators and investors took to the streets and stormed the bank of France.
Feb 1st - Sweden & Prussia sign peace treaty
Feb 10th - Edmund Halley appointed 2nd Astronomer Royal of England
Feb 11th - Sweden & Prussia sign peace (2nd Treaty of Stockholm)
Feb 29th - Queen Ulrica Eleonora of Sweden resigns
May 25th - "Le Grand St Antoine" reaches Marseille, plague kills 80,000
Jun 9th - Sweden & Denmark signs 3rd Treaty of Stockholm
Jun 10th - Mrs Clements of England markets 1st paste-style mustard
Jul 3rd - Sweden & Denmark sign peace treaty
Jul 27th - The second important victory of the Russian Navy - the Battle of Grengam. ...more