Mississippi Company (Paperback)

High Quality Content by WIKIPEDIA articles! The "Mississippi Company" (of 1684) became the "Company of the West" (1717) and expanded as the "Company of the Indies" (1719). In May 1716, the Banque Gnrale Prive ("General Private Bank"), which developed the use of paper money, was set up by John Law. It was a private bank, but three quarters of the capital consisted of government bills and government accepted notes. In August 1717, he bought the Mississippi Company to help the French colony in Louisiana.