subject
History, 17.10.2020 20:01 raweber

The American land was much larger than France, and the French knew little about it. Many did not even know where it was. But many had heard the rumor that this land was rich in silver and gold, the French currency. The depressed French economic environment was fertile ground for some of the monetary and economic ideas of John Law (1671–1729). Law was a Scottish financier born in Edinburgh. He was a colorful character who has been described as tall, handsome, and vain.

–"John Law and the Mississippi Bubble,"

Jon Moen

What rumor caused the French government to reconsider the value of the Louisiana colony?

Some heard that gold and silver could be found in Louisiana.

Some thought that Spain would want to buy the colony at a high price.

Some believed that there were rich reserves of oil and coal in Louisiana.

Some wondered if money could be made by trading with American Indians.

ansver
Answers: 1

Other questions on the subject: History

image
History, 21.06.2019 23:30, alex7881
Powers of states the first letter of the answer is r.
Answers: 1
image
History, 22.06.2019 08:00, dukkchild666
During the 1920s, the federal reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money. business investment and the expansion of businesses grew rapidly during the 1920 to meet the needs of this huge consumer spending. however, during the crash of 1929, the federal reserve reversed its expansionary monetary policy and cut off the money supply by almost 30%, causing banks to not have enough currency on hand when depositors wanted their hard-earned money. after reading the prompt, what can you surmise happened next that contributed to the great depression? a) black tuesday b) collapse of banks c) high unemployment d) election of franklin d. roosevelt
Answers: 2
image
History, 22.06.2019 08:30, Kadancepiggott7
Who was the leader of the democratic people’s republic at the beginning of the korean war?
Answers: 1
image
History, 22.06.2019 08:40, xcoder1732
In 66 ce, this group of jews revolted against the romans.
Answers: 1
You know the right answer?
The American land was much larger than France, and the French knew little about it. Many did not eve...

Questions in other subjects:

Konu
English, 17.12.2020 01:40