Dates That Made History
1720 - Europe's First Financial Crisis
TV-PG
S3 • E6 Nov 16, 2025 27mThe collapse of the financial system designed by the Scotsman John Law to pay off Louis XIV's enormous debts is considered the first major stock market crash in European history. But what makes this moment so significant? Is it the failure of the paper money bank – or the deeper insight it provides into the power and debt regime of the French monarchy?
