History

RESEARCH PROPOSAL

RESEARCH PROPOSAL

Topic: Mississippi Scheme

Research Questions: 

1. What were the reasons for the Mississippi buddle?

2. What were the influences and implications of the Mississippi Scheme on Companies’ decision-making?

3. How Mississippi Scheme did impact contemporary fiscal and economic regulations?

Thesis Statement

The Mississippi Scheme described a notable finical scheme engineered by John Law speculated mania and ended in financial collapse, accommodating fundamental economic and financial position of the era. Similarly, evaluating reasons for the Mississippi Scheme buddle, causes and implications are necessary for the historical understanding of economic and financial decision on Companies performance is necessary.

Sources: 

Significantly, the law accommodated radical restructuring in French public finance operating on rational principles in Company’s sharing law resulting in a rise in price within a short time and consequent collapse. In the research to revisits whether John's law was a bubble, the author (Velde, 2009) offered notable attention to John’s law and impacts on the scheme, acknowledging the Mississippi Scheme in the historical name and specific approach in French perspectives of the law. Significantly, in the resource, the author offers significant articulation on the Mississippi Scheme on Company’s law share increment operated radically, transforming the French public finance. Finally, the author concludes that Mississippi Scheme presented an ultimate target on the Company’s price share the triggered misperception on monetary expansion on interest rates, and discount rates influencing momentum operations. Notably, one fundamental weakness in the Mississippi Scheme accommodates misconception on momentary expansion, however, a fundamental strength on transforming French public finance. Therefore, the source is notable in the present reason for the Mississippi Scheme from 1720 to the present.

In the article, the author offers significant attention to the modern financial crisis through the South Sea and Mississippi Bubbles, acknowledging historical perspectives. Specifically, the author offers notable articulation on the two bundles and influence on institutions, interests, ideologies, and government policies embracing the rise of the crisis and response within economic and financial domains. Furthermore, the author provides notable analysis to answers the fiscal mania of 1720 and how the economic and fiscal decisions future financial development of the two nations. Significantly, the author concludes on the notable experience in misguided articulation, especially on the Mississippi Scheme presented social, political, and economic ramification, particularly influencing French productivity and wealth. One critical strength of the source is addressing notable comparative study on the twin schemes to accommodate British and French response. However, identifying fiscal ramifications influencing wealth and conductivity shows the weakness of the issues. Thus, the source is critical in identifying the Mississippi Scheme's influence on fiscal and social ramifications for the research.

Finally, in the source, the author pays attention to fundamental impacts including financial fraud, scandals, and regulations, accommodating Mississippi Bubbles (Driel, 2019). The author includes individual traits, firm governance and control, the economic environment, and regulation. From the Mississippi Bubbles and how t impacted contemporary financial regulations. The strength of the source is a socio-economic approach in determining regulations strictness after the Mississippi Bubbles, while the weakness posits attention to scandals it does not provide a connection with regulations. Thus, the article will be relevant to the research particularly explaining the impact of the Mississippi Bubbles in current fiscal regulations.

References

Brunner, R., and Miller, S. (2020). The First Modern Financial Crises: The South Sea and Mississippi Bubbles in Historical Perspective. Journal of Applied Corporate Finance. Vol. 32, Issue.4. Pp. 17-33

Driel, H. (2019). Financial fraud, scandals, and regulation: A conceptual framework and literature review. Business History. Volume 61 Issue 8, Pages 1259-1299

Velde, F. (2009). Chapter Four- Was John Law's System a bubble? The Mississippi Bubble revisited. In book: The Origins and Development of Financial markets Institutions: From the Seventeenth Century to the Present. Cambridge University Press. Pp.99-120