John Law sets up a joint-stock Banque Generale in Paris

(22 words)
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John Law, a Scottish economist working in the service of Louis XV of France, sets up a joint-stock Banque Generale in Paris.

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Citation:
Editors. "John Law sets up a joint-stock Banque Generale in Paris". The Literary Encyclopedia. First published 01 April 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=17187, accessed 17 April 2014.]